• Accelerated Development Programme – A 12-month programme focused on developing and equipping the Company’s next generation of leaders
  • Ambient air quality – The quality of outdoor air in the surrounding environment
  • Apprentice Programme – A four-year programme with four streams: Process Technology, Fitting and Machining, Electrical and Mechanical trades
  • Australian Standard on Assurance Engagements 3000 – Standard applied to assurance engagements other than audits or reviews of historical financial information
  • Baseline – A minimum or starting point used to measure change over time
  • PNG Business Coalition for Women (BCFW) – Group of companies and corporate leaders driving positive change for women and businesses in PNG
  • Biomass power – Electricity generated from the combustion of organic materials
  • Bio-remediation – Waste management technique involving the use of organisms to remove or neutralise pollutants from a contaminated site
  • Barrels of Oil Equivalent (BOE) – Factor used to convert volumes of different hydrocarbon production to barrels of oil equivalent; Oil Search uses a conversion rate of 6,000 cubic feet to one barrel of oil
  • Business Unit – Oil Search’s Business Units are accountable for and manage all of the Company’s work
  • CEIMS – Crisis, Emergency and Incident Management System
  • CO2 – Carbon dioxide
  • CO2 – e – Carbon dioxide equivalent, a standard unit for measuring greenhouse gases
  • Community Area Planning (CAP) projects – Community development projects where materials and funding from Oil Search are combined with community contributions such as labour and land
  • Employee Assistance Programme (EAP) – An externally provided, confidential counselling service for employees and their families
  • Extractive Industries Transparency Inititative (EITI) – Global standard that promotes open and accountable management of natural resources
  • EITI Multi-Stakeholder Group (MSG) – Group of representatives from civil society, government and the private sector tasked with progressing EITI in their country
  • Endemic – A plant or animal that is native or restricted to a certain area
  • Expanded Program on Immunization (EPI) – World Health Organization programme with the goal of achieving universal access to all relevant vaccines for all at risk by expanding target groups to include older children, adolescents and adults
  • Environmental, Social and Governance (ESG) – The non-financial issues and risks a company may encounter; also called sustainability, social responsibility and corporate social responsibility
  • Fossil fuel – A naturally occurring and finite fuel such as coal or gas, formed in the geological past from the remains of living organisms
  • Functions – Oil Search’s functions assist the Corporate Business Unit to govern and also develop and provide resources and knowledge to Business Units
  • Global Compact Network Australia (GCNA) – The Australian chapter of the United Nations Global Compact
  • Global Fund to Fight Aids, Tuberculosis and Malaria – International financing organisation that aims to attract and disburse additional resources to prevent and treat HIV and AIDS, tuberculosis and malaria
  • Graduate Development Programme – A three-year programme that exposes graduate recruits to various parts of the Company; includes job placements, two residential programmes to develop personal and business leadership skills and ongoing support and monitoring
  • Greenhouse gas emission intensity – The ratio of carbon dioxide emitted relative to production
  • Greenhouse gases – Gases that contribute to the greenhouse effect by absorbing infrared radiation e.g. carbon dioxide and chlorofluorocarbons
  • GRI G4 – The Global Reporting Initiative G4 Sustainability Reporting Guidelines
  • Host community – Communities located in and around Oil Search’s areas of operation
  • HSS Committee – Health, Safety and Sustainability Board Committee
  • HSS Group 1 – Senior management group responsible for reporting and evaluating material health, safety, environment, security and social responsibility issues and updating the Board HSS Committee
  • HSS Groups – The mechanism by which all employees can provide input and feedback for HSS performance and initiatives
  • Individual Development Plan – A formal planning process that enables employees to input into and agree on a skills and experience development plan that aligns with their future career objectives
  • Infrastructure Tax Credit Scheme (ITCS) – A voluntary scheme in PNG whereby an agreed percentage of gross assessable income can be applied by companies such as Oil Search to approved infrastructure construction and maintenance projects; the ITCS is for local projects and the NITCS for national projects
  • Intended Nationally Determined Contributions (INDCs) – Greenhouse gas emissions reductions or targets to which countries committed prior to the 2015 United Nations Climate Change Conference in Paris
  • IOGP – International Association of Oil and Gas Producers
  • IPIECA – International Petroleum Industry Environmental Conservation Association
  • ISO 14001 – International standard for environmental management systems
  • Karst limestone – Area made up of limestone, a soft rock that dissolves in water over time, creating caves and holes
  • KPI – Key Performance Indicator
  • ktCO2 – e – Kilotonnes of carbon dioxide equivalent
  • Lanco – PNG Landowner Company, formed by and representing local landowners
  • Lanco Safety Incentive Scheme – An Oil Search scheme designed to facilitate improvement in PNG Landowner Company safety performance
  • LNG – Liquified natural gas
  • Local PNG suppliers – Oil Search suppliers that are paid in PNG Kina
  • Lost Time Injuries (LTI) – Fatality or Lost Work Day case; the number of LTIs is the sum of fatalities and Lost Work Day cases
  • Lost Work Day Case – Any work-related injury, other than a fatal injury, which results in a person being unfit for work on any day after the day of occurrence of the occupational injury; ‘any day’ includes rest days, weekend days, leave days, public holidays or days after ceasing employment
  • Millennium Development Goals – Eight United Nations time-bound and quantified goals for addressing extreme poverty; replaced on 1 January 2016 by the Sustainable Development Goals
  • Mineral Resources Development Company (MRDC) – 100% owned by the PNG Government, manages landowner equity interests in PNG mining and petroleum projects
  • MW – Megawatt, a unit of power equal to one million watts
  • Oil & Gas Act – Primary legislation governing petroleum (including oil and gas) exploration and production in PNG
  • Operator – Company or other legal entitity that is responsible for managing oil and gas exploration, development and production
  • Our Way – Oil Search’s management system: defines the vision, values, Company culture and behaviours expected of our people and the governance, procedure setting and company-wide ways of working
  • PNG – Papua New Guinea
  • PPA – Power Purchase Agreement
  • PPP – Public-Private Partnership
  • Practical completion – A project that is completed in accordance with the contract and statutory regulations; if small jobs are outstanding, it is able to serve its intended purpose while they are finished
  • Precautionary approach – A risk management approach whereby a lack of full scientific certainty is not used as a reason for postponing cost-effective measures that will prevent environmental degradation if there are threats of serious or irreversible damage
  • PRL – PNG Petroleum Retention Licence
  • Process safety – A framework for managing the integrity of operating systems by applying good design principles, engineering, and operating and maintenance practices; deals with the prevention and control of events with the potential to release hazardous materials and energy
  • Process Safety Improvement Plan (PSIP) – A multi-year programme aimed at addressing gaps in design, maintenance and operations of Oil Search’s plants, pipelines, production well and drilling rigs
  • Production – Figure used when calculating Oil Search’s greenhouse gas emission intensity: includes all oil, gas from the Hides Gas Field and associated gas from oil operations, including that exported to PNG LNG Project
  • Referral hospital – A hospital with the capacity, including availability of specialised medical personnel and more sophistocated technology, to take patients referred from more basic district hospitals
  • Resource curse – The paradox whereby countries with abundant resources, such as oil and gas, experience little social and economic growth and stability; the complex reasons include neglect of other industries and corruption
  • RISE programme – Oil Search’s RISE safety programme includes: Reviewing prior year performance, Improving by completing action plans designed to close gaps, Substantiating gains through a six-month review of progress and adjusting as needed, and Evaluating results at year-end
  • Seismic survey – A survey used to gain an understanding of rock formations beneath the earth’s surface and to identify areas likely to contain hydrocarbons
  • Short-term incentive scheme – A mechanism for rewarding employee performance whereby compensation is received for achieving the Company’s short-term business objectives
  • Social mapping and landowner identification – A process whereby information on the social make-up of a community, such as decision-making processes and land ownership, is gathered by the Operator in accordance with the PNG Oil and Gas Act and submitted to the PNG Government
  • Shared Responsibility Model (SRM) – A model developed by Oil Search and ExxonMobil, but not yet enacted by the PNG Government whereby as operators, they would be delegated responsibility for delivering the non-cash (infrastructure) benefits stipulated in the PNG LNG Project Umbrella Benefits Sharing Agreement
  • Stakeholders – Groups of people inside and outside the Company that Oil Search has the ability to impact and that can impact, or have an influence on, Company outcomes
  • Sustainable Development – Development that meets the needs of the present without compromising the ability of future generations to meet their own needs; includes community and local economic development and sustainable use of natural resources
  • Sustainable Development Goals – United Nations goals for global sustainable development aimed at ending poverty, combatting climate change and fighting injustice and inequality by 2030
  • Tier 1 incident – A Tier 1 incident is an unplanned event in which more than 500kg of gas or liquid is released in a one-hour period
  • Tok Pisin – One of Papua New Guinea’s principal languages – commonly known as ‘pidgin’
  • Total Recordable Injury Rate (TRIR) – The total number of recordable injuries per million staff-hours worked
  • UNiTE – Launched in 2008 by the United Nations, the ‘UNiTE to End Violence against Women’ campaign is a multi-year effort aimed at preventing and eliminating violence against women and girls around the world
  • United Nations Global Compact (UNGC) – Voluntary business initiative based on CEO commitments to implement universal sustainability principles around human rights, labour rights, anti-corruption and the environment
  • United Nations Guiding Principles for Business and Human Rights – An authoritative global standard for preventing and addressing the risk of adverse human rights impacts linked to business activity
  • Valuer-General – The Office of the Valuer General is a division of the PNG Department of Lands and Physical Planning and is responsible for setting land values
  • Village Liaison Committee (VLC) – A committee comprising representatives from host communities that is brought together by Oil Search to help facilitate consultation, engagement, communication and cooperation
  • Village Liaison Officer (VLO) – A host community representative employed by Oil Search to facilitate communication between the community and the Company
  • Voluntary Principles for Security & Human Rights – A set of principles designed to guide companies in maintaining the safety and security of their operations within an operating framework that encourages respect for human rights
  • Wildlife Management Area (WMA) Committee – Committee of local community representatives that is responsible for managing the use of high value natural areas in PNG
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