Oil Search Updates on Hides Field Drilling

As part of the PNG LNG Project, the operator, ExxonMobil PNG Limited, is drilling nine development wells on the Hides field.

Six wells (two each from Wellpads B, C and D) have been completed and drilling is ongoing on two wells at Wellpad G and on the produced water disposal (PWD) well.

The first of the two Wellpad G development wells has now reached total depth. The well encountered the gas-bearing Toro reservoir and will be completed as a producer, as planned.

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Press Release, June 20, 2014