Strategic asset sales Oil Search sold assets to ConocoPhillips for $6B in 2024, signaling ongoing portfolio optimization and openness to strategic divestitures that potential buyers or partners could pursue with value-add propositions.

Mergers and scale The 2021 merger between Santos and Oil Search created a larger, integrated entity with PNG exposure, suggesting opportunities to tailor financing, joint venture, or supply arrangements that leverage a combined regional footprint.

PNG market leverage Longstanding PNG operations and local community engagement indicate a strength in navigating remote, resource-rich markets; consider opportunities for local content enablement, EPC collaborations, and LNG-related supply contracts with regional teams.

Growth capex signals Plans to invest billions to bring new fields into production and significant headcount expansion imply demand for project services, labor solutions, HSE programs, and long lead equipment sourcing aligned with a large-scale build-out.

Governance and risk Recent whistleblower and governance-related concerns highlight a potential due diligence focus for ESG, compliance, and risk management offerings, as buyers and partners seek robust oversight and governance frameworks.