Oil Search’s Wulff on Earnings, Alaska Project, Oil Prices

The transcript covers the company's strong operational performance despite challenges like COVID-19 and low oil prices. It highlights the Alaska project as a key diversification strategy, with significant reserves and infrastructure advantages. Financial strategies, including cost management and market outlook, are discussed, along with plans to restore dividends to pre-COVID levels.

What was a key factor that affected the company's financial performance last year?

• Commodity price downturn

• Increased exploration activities

• Lack of new projects

• High operational costs

What was one of the main challenges the company faced during the COVID-19 pandemic?

• Increased demand for oil

• Lack of government support

• Managing staff away from families

• Supply chain disruptions

What is the estimated reserve potential of the Alaska project after certification?

• 1 billion barrels

• 964 million barrels

• 700 million barrels

• 500 million barrels

How does the Alaska project align with environmental goals?

• By halting all exploration activities

• By reducing oil production

• By targeting low emission intensity

• By using renewable energy sources

What percentage stake is the company targeting to maintain in the Alaska project long term?

• 30-36%

• 25%

• 15%

• 50%

What is a major factor influencing the company's ability to restore dividends to pre-COVID levels?

• Operational efficiency

• Oil price recovery

• Government subsidies

• New project launches

What strategy has the company implemented to protect against oil price fluctuations?

• Expanding into new markets

• Reducing workforce

• Increasing production

• Hedging with a floor price