Recent Asset Disposals Oil Search recently sold assets to ConocoPhillips for $6 billion, indicating a strategic shift that may lead to interest in new exploration, production, or infrastructure investments. This presents opportunities to provide consulting, technology solutions, or new partnership prospects.
Expansion Initiatives The company is investing $2.6 billion and creating thousands of jobs for a new oil field expected to come into production by 2026. Sales prospects include equipment, project management tools, and safety solutions tailored for large-scale energy projects.
Sustainability Focus As part of what appears to be a broader industry trend towards cleaner energy, Oil Search's merger with Santos emphasizes long-term commitments to sustainable and low-cost energy production, opening avenues for renewable tech, emissions management, and environmental consulting.
Operational and Compliance Challenges Recent legal issues involving breach of whistleblower protections and contractual disputes suggest an opportunity to offer compliance, legal consulting, or whistleblower hotline solutions to help improve corporate governance and employee engagement.
Market and Industry Trends With a focus on natural gas exploration and potential strategic shifts post-merger, there is a need for advanced analytics, market intelligence, and operational optimization tools that enable efficient decision-making in a highly dynamic market environment.