» Perseverance
» Oil Search was incorporated in PNG in 1929
» The Company’s first revenues were received
more than 60 year...
» Partnership
» PNG ranks 156th of countries on the Human
Development Index (health, education,
standard of living)
Seismic Acquisition
» Ingenuity
» PNG presents a challenging environment of
rugged terrain, intense rainfall and sensitive...
PNG LNG Project
6
» US$19 billion investment
» 6.9 MTPA, 2 train development,
operated by ExxonMobil
» Expected to produce...
9,000
nationals
employed at
peak
>US$30
billion to
Government
and
landowners
2.48 billion
kina spent
with
landowner
compan...
» Integrity
» PNG Government and Oil Search committed
to EITI in 2013
» 83% of PNG employees are nationals
» 18% of PNG em...
» Social Licence
» Established landowner companies
providing services to operations
» Shared responsibility model
establis...
» Shared Value
» Delivery of 113 tax credit schemes
since 2003
» 40 million Kina spent in 2013 on
community and tax credit...
» Shared Value
» 40,000 HIV tests in 2013
» 41% decrease in positive malaria
tests in 2013
» 22,801 maternal and child hea...
Future Growth
» Substantial remaining gas
resources in PNG
» Potential for multiple future
LNG trains
» Committed to shari...
Matt Kay - Oil Search - Exporting LNG from PNG
Matt Kay - Oil Search - Exporting LNG from PNG
Matt Kay - Oil Search - Exporting LNG from PNG
Matt Kay - Oil Search - Exporting LNG from PNG
Matt Kay - Oil Search - Exporting LNG from PNG
Matt Kay - Oil Search - Exporting LNG from PNG
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Matt Kay - Oil Search - Exporting LNG from PNG

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Matt Kay delivered the presentation at the 2014 South East Asia Australia Offshore and Onshore Conference (SEAAOC).

SEAAOC is Northern Australia's largest and longest established petroleum conference and brings together major players involved within Australasia's oil, gas and petroleum industries. The event is run as a partnership between Informa Australia and the Department of the Chief Minister - Northern Territory Government of Australia.

For more information about the event, please visit: http://bit.ly/SEAAOC2014

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Transcript of "Matt Kay - Oil Search - Exporting LNG from PNG "

  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 156th of 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. 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
  6. 6. » Integrity » PNG Government and Oil Search committed to EITI in 2013 » 83% of PNG employees are nationals » 18% of PNG employees are women
  7. 7. » Social Licence » Established landowner companies providing services to operations » Shared responsibility model established to deliver infrastructure projects
  8. 8. » Shared Value » Delivery of 113 tax credit schemes since 2003 » 40 million Kina spent in 2013 on community and tax credit projects
  9. 9. » 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
  10. 10. Future Growth » 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 Port Moresby Kumul Terminal PRL08 PDL7 PDL4 PDL3 PRL09 PDL6 PDL5 PRL14 260 233 PPL234 PRL10 PPL244 PPL339 339 339 339 PPL339 339 339 339 PPL260 PRL3 PPL385 PDL1 233 PPL277 PPL277 Juha Moran Agogo Kutubu Proposed Juha Facility Hides Angore LNG Facility Gobe Main Hides Gas Conditioning Plant & Komo Airfield PPL219 APDL11 PDL9 PDL8 PDL2 PRL15 Uramu P’nyang Kimu SE Gobe Hagana Flinders Juha North Barikewa Elk/Antelope
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