Oil Search pays millions of dollars every year in royalties, taxes, dividends, levies and other fees and charges to governments in countries where we operate. The Company is committed to responsible and fair payments management and transparency across our global operations.

The fiscal regime underpinning these payments in each country is governed by local legislation and specific terms of agreements between Oil Search and the national governments. Governments are responsible for investing the revenues in the economic and sustainable development of their countries and communities, to ensure the country’s future prosperity.

Stakeholder interest in payments made by large companies to governments is increasing. This is demonstrated by international developments such as legislation in the US and European Union that requires companies to disclose certain payments to governments.

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