Despite a challenging oil price environment in 2015, Oil Search continued the Company’s long term commitment to supporting the development and interests of the PNG people, particularly our host government and communities. This remained a core value-protecting strategy in 2015.
One of the most significant developments during the year was the transition of the Oil Search Health Foundation to the Oil Search Foundation. The expansion of its remit beyond health to include women’s protection and empowerment, and leadership and education will leverage the Foundation’s proven positive social impact and help strengthen Oil Search’s ability to maintain PNG as a stable place in which to do business.
Other notable achievements included the delivery of two key infrastructure projects in Port Moresby on behalf of the PNG Government under various Tax Credit Schemes, and the commencement of the development of the power business.