Oil Search Limited acquired full ownership of PNG Biomass in mid-2016. Oil Search is proud to be driving this exciting power initiative that presents one of the most clean, renewable and sustainable energy initiatives in PNG’s history.
Oil Search Limited was incorporated in PNG in 1929. It operates all of PNG’s currently producing oil and gas fields and has a 29% interest in the PNG LNG Project, a world-class liquefied natural gas project. One of Oil Search’s objectives is to leave a positive legacy in all areas in which it operates. Throughout 85 years of operation, Oil Search has maintained a strong commitment to sustainable and ethical business practices.
With a long-term approach to sustainable development and an ability to contribute positively and creatively to the growth and development of communities where they operate, Oil Search believes that PNG Biomass will not only enhance generation capacity on the grid, but will also empower landowners and contribute to the well-being of local communities, create opportunities for future generations, and provide energy independence for PNG without compromising the country’s pristine and unique environment.