Company report
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15 Pages

Oil Search corporate report


Oil Search corporate report

Report summary

The start-up of PNG LNG in 2014 leaves Oil Search better-placed than many of its peers to weather a near-term low oil price environment. The company has low sustaining capital spend in 2016 and 2017, while PNG LNG delivers robust cash flow as well as strong production growth. But Oil Search's growth plans will depend on an oil price recovery. The focus remains firmly on Papua New Guinea, where its two proposed LNG developments demonstrate attractive economics. However, the capital commitments required to develop two large projects in a similar timeframe could see the company financially stretched. The longer-term picture remains bright, however, as Oil Search's production could double by the mid-2020s

What's included?

This report includes 2 file(s)

  • Oil Search corporate report PDF - 372.04 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.

  • Executive summary
    • SWOT analysis
    • Strategic success factors
  • Valuation
    • Key success factors
      • 1. PNG LNG performance
      • 2. PNG LNG expansion
      • 3. Papua LNG greenfield project
      • LNG growth projects have a competitive advantage, but challenges remain
  • Financial health
    • Financial health overview
    • Net debt / liquidity position
      • Options to free up capital
  • Resources, reserves and production
    • Production overview
    • Resources and reserves overview
  • Portfolio summary
  • Economic assumptions
    • Economic assumptions

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

  • Executive summary
    • Executive summary: Table 1
  • Valuation
    • Market premium price sensitivity
    • % change in share prices Jan 2015 – Mar 2016
    • LNG project breakeven comparison
  • Financial health
    • Cash flow breakeven evolution
    • Net debt outlook
  • Resources, reserves and production
    • Oil Search reported and forecast production
    • Benchmarking: production CAGR 2015 - 2025
    • Benchmarking: reserves and resources detail
    • Benchmarking: reserves and resources life
  • Portfolio summary
    • Key assets
    • Exploration acreage
  • 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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