Company report
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33 Pages

Oil Search corporate - reported results analysis


Oil Search corporate - reported results analysis

Report summary

Oil Search’s operational and financial performance continues to be underpinned by PNG LNG. Record total 2016 production of 30.2 mmboe was up 3% year-on-year, with volumes of 7.9 mmtpa from the PNG LNG facility 14% higher than nameplate capacity. Lower oil and gas prices eroded profits however, with 'core' profit down 70% versus 2015.  

Guidance for 2017 emphasises Oil Search’s focus on resource capture. E&A success will support the next phase of LNG development in PNG, as the partners must now aim for project sanction by the end of 2018 as per the terms of the two-year Elk/Antelope licence extension.

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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 Reported Results Analysis report provides rapid response analysis on company quarterly results and strategy presentations. Use it to gain the upper hand with Wood Mackenzie's opinion on the latest corporate developments.

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.

  • Q4 2016
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
  • Q3 2016
    • Overview
    • Strategy / investment
    • Financial performance
    • Operational performance
  • Q2 2016
    • Overview
    • Strategy/investment
    • Operational Performance
    • Financial Performance
    • Exploration
  • Q1 2016
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
  • Q4 2015
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
  • Q3 2015
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
  • Q2 2015
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
  • Q1 2015
    • Overview
    • Strategy/Investment
    • Operational performance
    • Financial performance
    • Exploration
    • M&A
  • Q4 2014
    • Overview
    • Strategy/Investment
    • Operational performance
    • Financial performance
    • Exploration
  • Q3 2014 and Strategic Review
    • Overview
    • Strategic review
    • Investment
    • Operational performance
    • Financial performance
    • Exploration
  • Q2 2014
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
  • Q1 2014
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
  • Q4 2013
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
  • Q3 2013
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
  • Q2 2013
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
  • Q1 2013
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
  • Half-year 2015
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
  • Half-year 2014
    • Overview
    • Strategy/investment
    • Operational performance
    • Financial performance
    • Exploration
  • Full-year 2014
    • Overview
    • Strategy/Investment
    • Operational performance
    • Financial performance
    • Exploration
    • M&A
  • Full-year 2013
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
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