Oil Search

This was announced during the company’s Annual General Meeting in Port Moresby in Friday.

Managing Director, Peter Botten, said there exists the opportunity to commercialise smaller undeveloped gas resources from Gulf, Western and Highlands Provinces through smaller ssLNG which will feed these markets.

During the company’s Annual General Meeting in Port Moresby on Friday, the three men were re-elected by a majority of the company’s shareholders.

Aopi joined the Board as an Executive Director on May 18, 2006 and presently holds the position of Executive General Manager Stakeholder Engagement.

He has substantial public service and business experience in Papua New Guinea, having had a long and distinguished career in government, filling a number of important positions, including Secretary for Finance and Planning and Managing Director of Telikom PNG Ltd.

During the company’s 2017 Annual General Meeting in Port Moresby, the board highlighted the potential to continue to deliver top quartile returns to shareholders underpinned by the commercialisation of both gas fields.

Chairman, Rick Lee, said with the current global oil and gas prices, it was imperative that cooperation between gas resources developers in PNG deliver on the potential returns.

The company announced this in a media release following a historic visit by TI President, Mike Storkey, who was in Port Moresby recently to recognise the efforts of the local TI club.

Stork presented two corporate trophies one of which was presented to the company for enhancing employee engagement through continuing support of Toastmasters Communication and Leadership Programs.

Oil Search Safety Trainer, Joseph Rangan, is one employee who has benefitted greatly from his involvement with the Toastmasters Club at Iagifu Ridge in Kutubu.

The company, through its Oil Search Foundation (OSF), will work with the BbP to deliver a second library in Hela Province, having assisted in the development of a first one, and a new library in Kikori, Gulf Province.

The initiative will see library books brought right down to the grassroots level to improve literacy rates.

Speaking at the Inaugural PNG Petroleum and Energy Summit, Oil Search Managing Director, Peter Botten, says the joint venture partners should be looking at cost synergies and optimising spending through reduced wasteful duplication of infrastructure.

He said this will offer the best capital and operational expenditure savings.

Releasing the company’s full year results for 2016, Managing Director Peter Botten said the strong results were achieved on the back of an excellent performance from the PNG LNG project.

“The increase was driven by an excellent performance from the PNG LNG Project, which produced at an average rate of 7.9 million tonnes per annum (MTPA) during the year, compared to nameplate capacity of 6.9 MTPA.’’

Assistant Director of the NATTB Secretariat, Arthur Geno, said Oil Search has achieved another great milestone in human resource development in PNG

“Oil Search is represented in the various Industry Technical Committees (ITC) whose sole responsibility is to develop National Occupational Skills Standards and its relevant Assessment Instruments.

The RLWC2017 is scheduled from October 26 to December 2 and will be co-hosted by Australia, New Zealand and PNG.

PNG will host national team Kumuls’ three pool matches against Wales (October 28), Ireland (November 5) and the USA (November 12).

As Official Platinum Partner, Oil Search will have a branding presence that will be seen in over 110 countries where the RLWC2017 is broadcast.

Oil Search will also partner the World Cup Trophy Tour and community program to be run by the RLWC2017 OC throughout PNG.

I do not give orders to PNGEC: Prime Minister

“I do not give instructions to the PNG Electoral Commissioner,” says Prime Minister Peter O’Neill.

http://www.looppng.com/png-news/i-do-not-give-orders-pngec-prime-minister-50978