Oil Search: Difference between revisions
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'''Oil Search Limited''' ({{asx|OSH}}) is the largest oil and gas exploration and development company incorporated in [[Papua New Guinea]], which operates all of Papua New Guinea's [[oilfield]]s. Founded in 1929, it is now one of Papua New Guinea's largest companies, and in 2006 was responsible for 13% of Papua New Guinea's [[Gross Domestic Product]].<ref name="profile">[http://www.oilsearch.com/About-Us/Company-Profile.html Profile] at official site</ref> It is publicly listed on the [[Port Moresby Stock Exchange|Port Moresby]] and [[Australian Stock Exchange]]s,<ref name="profile"/> and is included in the [[S&P/ASX 50]]. It has a market capitalization of around [[US$]]3 billion. A 17.6% interest in the company is held by the government of Papua New Guinea,<ref name="profile"/> and for 2006 gave the state [[Papua New Guinean kina|PGK]]24 million ([[US$]]8 million) as its dividend.<ref>[http://pidp.eastwestcenter.org/pireport/2007/April/04-05-11.htm PNG Oil Company Pas State $8 Million Dividend] from the ''Papua New Guinea Post-Courier''</ref> The company also operates areas in [[Yemen]], [[Egypt]], [[Libya]], and [[Iraq]].<ref name="profile"/> |
'''Oil Search Limited''' ({{asx|OSH}}) is the largest oil and gas exploration and development company incorporated in [[Papua New Guinea]], which operates all of Papua New Guinea's [[oilfield]]s. Founded in 1929, it is now one of Papua New Guinea's largest companies, and in 2006 was responsible for 13% of Papua New Guinea's [[Gross Domestic Product]].<ref name="profile">[http://www.oilsearch.com/About-Us/Company-Profile.html Profile] at official site</ref> It is publicly listed on the [[Port Moresby Stock Exchange|Port Moresby]] and [[Australian Stock Exchange]]s,<ref name="profile"/> and is included in the [[S&P/ASX 50]]. It has a market capitalization of around [[US$]]3 billion. A 17.6% interest in the company is held by the government of Papua New Guinea,<ref name="profile"/> and for 2006 gave the state [[Papua New Guinean kina|PGK]]24 million ([[US$]]8 million) as its dividend.<ref>[http://pidp.eastwestcenter.org/pireport/2007/April/04-05-11.htm PNG Oil Company Pas State $8 Million Dividend] from the ''Papua New Guinea Post-Courier''</ref> The company also operates areas in [[Yemen]], [[Egypt]], [[Libya]], and [[Iraq]].<ref name="profile"/> |
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In May 2014, Exxon Mobil Corporation shipped the first cargo of liquefied natural gas (LNG) from Oil Search's US$ 19 billion PNG LNG Project. <ref>http://www.lngindustry.com/news/liquefaction/articles/First_cargo_from_PNG_LNG_655.aspx#.U84_V4BdXGJ</ref> |
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==References== |
==References== |
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Revision as of 10:41, 22 July 2014
Oil Search Limited (ASX: OSH) is the largest oil and gas exploration and development company incorporated in Papua New Guinea, which operates all of Papua New Guinea's oilfields. Founded in 1929, it is now one of Papua New Guinea's largest companies, and in 2006 was responsible for 13% of Papua New Guinea's Gross Domestic Product.[1] It is publicly listed on the Port Moresby and Australian Stock Exchanges,[1] and is included in the S&P/ASX 50. It has a market capitalization of around US$3 billion. A 17.6% interest in the company is held by the government of Papua New Guinea,[1] and for 2006 gave the state PGK24 million (US$8 million) as its dividend.[2] The company also operates areas in Yemen, Egypt, Libya, and Iraq.[1]
In May 2014, Exxon Mobil Corporation shipped the first cargo of liquefied natural gas (LNG) from Oil Search's US$ 19 billion PNG LNG Project. [3]
References
- ^ a b c d Profile at official site
- ^ PNG Oil Company Pas State $8 Million Dividend from the Papua New Guinea Post-Courier
- ^ http://www.lngindustry.com/news/liquefaction/articles/First_cargo_from_PNG_LNG_655.aspx#.U84_V4BdXGJ
External links
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