How long have you held Oil Search?
We initiated our position in December 2010. We then topped up in 2011 and 2012 in advance of outperformance on its PNG oil operations, and more importantly as the PNG-LNG project derisking milestones were being achieved.
What do you like about it?
We like Oil Search for upcoming delivery of the $19 billion world-class, long-life, and nearly fully contracted PNG-LNG processing trains T1 & T2 development, by its operating JV partner Exxon.