Exploration and Appraisal Drilling Update - April 2018

(ASX: OSH | ADR: OISHY | POMSoX: OSH)

4 May 2018

Well Name

Well Type

Location

Kimu 2

Appraisal

PRL 8, Forelands, PNG

Spud Date

22 April 2018

Rig

HAES Rig 115

Objective/ Targets

Cretaceous Alene Sandstone

The objective of Kimu 2 is to test the potential resource upside in the field and assist in selecting the optimal commercialisation pathway for the resource.

The planned total depth is 1,880 metres.

Status

Drilling commenced on 22 April 2018. At the end of the month, the well was at a depth of 449 metres and drilling ahead in a 12-1/4 inch hole.

Operator

Oil Search

Participants

Affiliates of Oil Search 83.0%

Kumul Gas Niugini 17.0%

Total 100.0%

All depths quoted are measured depth from rotary table (MDRT)

PETER BOTTEN, CBE

Managing Director

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 8500www.oilsearch.com

For further information please contact:

Ann Diamant

General Manager, Investor Relations and Communications

Tel: Mob:

+612 8207 8440 +61 407 483 128

Stephanie Chu

Investor Relations Manager

Tel: Mob:

+612 8207 8542 +61 481 038 179

Oil Search - April Drilling Report - 4 May 2018www.oilsearch.com

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Oil Search Limited published this content on 04 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 May 2018 07:06:10 UTC