Oil Search’s ongoing commitment to operating with integrity and supporting transparency drove several related activities in 2015. Oil Search participated in PNG Government stakeholder engagement processes during the year, addressing two relevant legislative areas: taxation and energy. The Company also acted to make the Department of Petroleum and Energy (DPE) more effective as its current capacity and institutional constraints inhibit oil and gas industry growth. Oil Search proposed a new, more efficient data management plan and supported the Department’s proposed transformation into an Authority.

The Company continued to play an active role on PNG’s EITI Multi-Stakeholder Group throughout 2015 and contributed Company data to PNG’s first EITI report, which was released in early 2016.

Payments to Governments by Country

2013

US$269.6m

2014

US$262.5m

2015

US$108.7m
  • PNG Government
  • Yemen Government
  • Iraq-Kurdistan Government
  • Tunisian Government
  • Australian Government
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