matt kay

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matt kay

  1. 1. » Perseverance » Oil Search was incorporated in PNG in 1929 » The Company’s first revenues were received more than 60 years later » A$14 billion dollar company with 95% of assets in PNG
  2. 2. » Partnership » PNG ranks 133rd of 137 countries on the Human Development Index (health, education, standard of living)
  3. 3. Seismic Acquisition » Ingenuity » PNG presents a challenging environment of rugged terrain, intense rainfall and sensitive ecosystems
  4. 4. PNG LNG Project 6 » US$19 billion investment » 6.9 MTPA, 2 train development, operated by ExxonMobil » Expected to produce more than 9 tcf of gas and 200+ million barrels of associated liquids over its 30 year life » 6.6 MTPA contracted to Asian buyers. – Sinopec ~2.0 MTPA – TEPCO ~1.8 MTPA – Osaka Gas ~1.5 MTPA – CPC ~1.2 MTPA
  5. 5. PNG LNG Video
  6. 6. 9,000 nationals employed at peak >US$30 billion to Government and landowners 2.48 billion kina spent with landowner companies 2.1 million training hours for nationals 580 million kina invested in community infrastructure Country Benefits from PNG LNG Transformation
  7. 7. » Integrity » PNG Government and Oil Search committed to EITI in 2013 » 83% of PNG employees are nationals » 18% of PNG employees are women
  8. 8. » Social Licence » Established landowner companies providing services to operations » Shared responsibility model established to deliver infrastructure projects
  9. 9. » Shared Value » Delivery of 113 tax credit schemes since 2003 » 40 million Kina spent in 2013 on community and tax credit projects
  10. 10. » Shared Value » 40,000 HIV tests in 2013 » 41% decrease in positive malaria tests in 2013 » 22,801 maternal and child health vaccinations delivered in 2013
  11. 11. Future Growth Port Moresby Kumul Terminal PRL 08 PDL 7 PDL 4 PDL 3 PRL 09 PDL 6 PDL 5 PRL1 4 26 0 23 3 PPL2 34 PRL1 0 PPL2 44 PPL3 39 33 9 33 9 33 9 PPL3 39 33 9 33 9 33 9 PPL2 60 PRL 3 PPL3 85 PDL 1 23 3 PPL2 77 PPL2 77 Juha Moran Agogo Kutubu Proposed Juha Facility Hides Angore LNG Facility Gobe Main Hides Gas Conditioning Plant & Komo Airfield PPL21 9 APDL1 1 PDL 9 PDL 8 PDL 2 PRL1 5 Undeveloped Gas Fields Uramu (100%) P’nyang (38.5%) Kimu (60.7%) SE Gobe (25.6%) Hagana (40%) Flinders (40%) Juha North (24.4%) Barikewa (45.1%) Elk/Antelope (22.8%) » Substantial remaining gas resources in PNG » Potential for multiple future LNG trains » Committed to sharing value with the people of PNG » Transformation for Oil Search and PNG will continue Simon – please put in new map

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