Exploration and Appraisal Drilling
Update - July 2015
(ASX:OSH | ADR: OISHY | POMSoX: OSH)
6 August 2015
* All depths quoted are MDRT (measured depth from rotary table)
Well Name Well Type Location
Spud Date Rig Objective/
Targets
Status
Operator1
Antelope 4 ST1
Gas appraisal
PRL 15, Gulf Province, PNG
1km south of Antelope 2
Expected August 2015
Rig 103
Delineate the size and structural extent of the Elk-Antelope gas field.
During the month, mobilisation of Oil Search's Rig 103 from Antelope 5 to the Antelope 4 site continued and rigging up commenced, in preparation to sidetrack Antelope 4. Drilling of the sidetrack is expected to commence shortly. The sidetrack has a planned total depth of approximately 2,378 metres.
Total E&P PNG Limited
Participants2
1 Effective from 1 August 2015.
2 Gross interests, pre-Government and landowner back-in
Oil Search Limited
Incorporated in Papua New Guinea ARBN 055 079 868
Head office Port Moresby Papua New Guinea
Sydney office
1 Bligh Street
Sydney NSW 2000
Australia
Mailing address
GPO Box 2442
Sydney NSW 2001
Australia
Tel: +61 2 8207 8400
Fax: +61 2 8207 8500 www.oilsearch.com
Well Name Well Type Location
Spud Date
Rig
Objective/
targets
Status
Operator
Participants
Taza 3 ST1
Oil appraisal
Taza PSC, Kurdistan Region of Iraq
6km SE of Taza 1
22 October 2014
Sakson Rig 605
A deviated hole to better define the structural configuration, fluid contacts, reservoir quality and distribution and nature of fracturing of the carbonate reservoirs in the southern part of the PSC.
During the month, preparations continued for the second of three planned drill stem tests, over the Euphrates interval. Testing of the Euphrates section commenced shortly after the end of the month. The final test, over the Jeribe interval, is also expected to commence in August.
Oil Search Limited
1 Oil Search's funding interest is 75%, with the KRG's 20% interest carried by Oil Search and Total E&P Kurdistan Region of Iraq (Taza) B.V.
PETER BOTTEN, CBE Managing Director
For further information please contact:
Ms Stephanie Chu
Senior Investor Relations Advisor
Tel: +61 2 8207 8542
Mob: +61 481 038 179
Oil Search - July Drilling Report - 6 August 2015
www.oilsearch.com
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