LNG

March 4 (LNGJ) - Oil Search, the energy company with LNG and oil assets in Papua New Guinea and oil projects in the US state of Alaska, has named Peter Fredricson as its new Chief Financial Officer to replace Stephen Gardiner, who is stepping down after eight years. Gardiner will continue to assist Oil Search as an adviser to the Managing Director Keiran Wulff. The Australian-listed and PNG-based company said that CFO Fredricson had over 30 years of experience in the infrastructure and banking sectors in Australia, New Zealand and Asia.

   “We are fortunate to welcome Peter to Oil Search,” said Wulff. “His deep experience in finance, equity and debt capital markets and the financial services sector generally will be valuable to Oil Search as the company focuses on delivering its strategic objectives,” he added.

Oil Search, the Papua New Guinea energy company, said the PNG liquefied natural gas plant again posted high quarterly production, though suffered output disruption because of damage to the loading facility amid optimism for a final agreement before the end of 2019 on the LNG expansion project.