Company report
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15 Pages

Oil Search corporate report


Oil Search corporate report

Report summary

Oil Search’s strategic priorities are to maintain performance at ExxonMobil-operated PNG LNG in the near-term, whilst driving the next phase of LNG expansion in Papua New Guinea. The completion of the ExxonMobil/InterOil takeover should support progress, and we expect Elk/Antelope to supply a Total-operated Papua LNG project sharing PNG LNG facilities (effectively a third train expansion). Papua LNG is not Oil Search’s only economically attractive long-term growth opportunity. An investment decision is also needed at P’nyang, which could supply either an expansion of PNG LNG or backfill for the foundation project. Growth may come at a cost. PNG LNG provides long-life cash flow and near-term capital commitments are low. But ambitious E&A plans, project finance repayments and new investment at Papua LNG could put finances under pressure.

What's included?

This report includes 2 file(s)

  • Oil Search corporate report PDF - 403.81 KB 15 Pages, 8 Tables, 11 Figures
  • Oil Search Corporate Report.xls XLS - 3.04 MB

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Company report offers thought-provoking insight into corporate financial health, investment strategy and operational outlook supported by our proprietary asset data and energy research experts.

Widely used by both the energy and financial sectors, our report gives you a unique perspective on key strategic and financial challenges, as well as opportunities facing this oil and gas company.

Wood Mackenzie provides an independent evaluation and expert opinion on the operational performance, strategy and future of the world's top oil and gas companies. Our unique, objective analysis helps you understand, validate, compare and challenge market and corporate views so you can assess strategic opportunities.

  • Wood Mackenzie company research
    • Oil Search
    • Oil Search corporate report peer group
  • Recent events
    • Date of last update: June 2017
  • Executive summary
    • SWOT analysis
    • Strategic success factors
      • Incremental value at PNG LNG
      • Sanction the next wave of LNG
      • Exploration success
  • Valuation
  • Financial health
    • Net debt outlook / liquidity position
    • Options to free up capital
  • Resources, reserves and production
    • Resources and reserves
  • Portfolio summary
    • Key assets
    • Exploration acreage
  • Economic assumptions
    • Economic assumptions

In this report there are 19 tables or charts, including:

  • Wood Mackenzie company research
  • Recent events
  • Executive summary
    • Executive summary: Table 1
    • LNG probable and possible projects breakeven comparison
  • Valuation
    • Benchmarking: share price performance
    • Benchmarking: market premium/discount to WM base case
  • Financial health
    • Net debt outlook
    • Cash flow breakeven evolution
  • Resources, reserves and production
    • Oil Search reported and forecast production
    • Benchmarking: production CAGR
    • Benchmarking: reserves and resources detail
    • Benchmarking: reserves and resources life
  • Portfolio summary
    • Portfolio summary: Table 1
    • Portfolio summary: Table 2
  • Economic assumptions
    • Base price assumptions (nominal terms)
    • Economic assumptions: Image 1
    • Economic assumptions: Image 2
    • High price assumptions
    • Low price assumptions
    • Value assumptions
    • Foreign exchange rate assumptions
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