Peter Botten

Working closely through government systems and with partners, services provided in the areas of health, gender and early childhood literacy and education are detailed in the Foundation's 2016 Annual Report titled “Partnerships in Action” that was released this week.

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.

Dr Gawin arrived in Tari on Thursday with his family to a rousing welcome from the Hela Provincial Health Authority Board, led by Chairman Peter Botten, Hela Provincial Administrator William Bando, Health Secretary and HPHA director Pascoe Kase and health staff.

When speaking at the welcome ceremony, Dr Gawin told the staff and management that the only way for the HPHA to work and to move forward is for the staff and management to accept change and be willing to change.

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.

In a recent media release, Oil Search announced possible cooperation and integration of the next phase of LNG development, with Total (SA) and ExxonMobil.

Speaking to Loop PNG, Botten says the gains from the cooperation will benefit all parties, including the landowners and PNG.

In a media release, Oil Search states that this recording is 6% higher than in the second quarter and only 1% lower than its all time record level of 7.72 mmboe in the first quarter of 2016.

Managing Director, Peter Botten, says the third quarter of 2016 was another very strong period for Oil Search operationally.

This is the second year in a row that Botten has been named on the prestigious list.

Despite dropping 27 places from 72 to 99 on the list, Botten is among some of the best CEOs to deliver this year despite slow economic growth due to lower commodity prices.

The Harvard Business Review website states that against this bleak backdrop, it’s heartening to see a group of business leaders compiling track records that allow them to stick around and implement long-term strategies.

These were the words from OSL Managing Director Peter Botten when commenting on the funding to the company’s humanitarian arm, Oil Search Foundation.

OSL earlier this week announced the board decision to give K185 million (US$56 million) for over five years, from 2016 to 2020.

“The Foundation is now ready to carry out its work addressing health, leadership and education and women’s protection and empowerment programs in PNG over the next five years,” Botten said.

“Oil Search have been operating in PNG since 1929, it is right now PNG’s largest company and single biggest investor, we build our company in the last 24 years by consistent re-investment of our production revenue in Papua New Guinea and by doing so outperformed many of our Australasian oil and gas peer group in terms of production growth, in terms of total shareholders returns and most importantly safety performance,” Botten said.

Botten in a statement when commending the Oil Search Foundation Annual Report said when a company’s success is so closely linked to the well-being of a nation, the nation’s issues become the company’s issues.

The Annual Report, “Building on Success”, released today ,provides a detailed overview of how the Oil Search Foundation is helping Papua New Guinea take the steps it needs to build a prosperous, stable and secure future.