COM­MU­NITY KEY TO OIL SEARCH’S AP­PROACH IN PNG

Business Advantage Papua New Guinea - - Petroleum Oil Search -

Oil Search’s Man­ag­ing Di­rec­tor Peter Bot­ten ar­gues that the com­pany has de­vel­oped a busi­ness ethic that has both a fi­nan­cial di­men­sion—get­ting an ap­pro­pri­ate re­turn for the risk be­ing taken— and a so­cial el­e­ment. ‘Our fu­ture is ab­so­lutely tied to the fate of Pa­pua New Guinea, and it there­fore is in our ab­so­lute in­ter­est to en­sure that our pro­grams and strate­gies bring the com­mu­ni­ties along with us.

‘As PNG’S big­gest com­pany, and PNG’S big­gest in­vestor, we think it is the right thing to do from a so­cial and a busi­ness per­spec­tive. The strate­gies for how we man­age these things, both through the Oil Search Foun­da­tion and through our nor­mal op­er­a­tions, are very com­pre­hen­sive.

‘It’s very, very con­nected right through the DNA of the or­gan­i­sa­tion; this is not a cos­metic thing.’

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