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Oil Search (Oil Search) Other Liabilities for Insurance Companies


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What is Oil Search Other Liabilities for Insurance Companies?

Other Liabilities for Insurance Companies only applies to insurance companies.


Oil Search (Oil Search) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Oil Search Ltd (OTCPK:OISHY) » Definitions » Other Liabilities for Insurance Companies
Traded in Other Exchanges
N/A
Address
Ground Floor, Harbourside East Building, Stanley Esplanade, PO Box 842, National Capital District, Port Moresby, PNG, NCD 121
Oil Search was founded in 1929 and operates all of Papua New Guinea's oilfields. The PNG government holds a 10% interest. Oil Search had successfully run PNG oilfields since assuming operatorship from ExxonMobil in 2003. However, the tyranny of distance saw the large and high-quality gas fields largely stranded until 2014. The PNG LNG project is the first step to monetise those vast gas resources, again under the direction of ExxonMobil. First-stage construction is complete, with potential for expansion from two trains to five.