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Company News Summary

Oil Search Implements Structural Changes to Build Resilience and Focus on Delivery

01 Jul 2020  |  09:07:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Structural Changes Implemented

Oil Search completed review of its organisation and cost structure. Structural changes have been implemented to make the business leaner, provide for streamlined decision-making and establish a more integrated structure that clarifies accountabilities and drives performance. The revised organization and cost structure deliver sustainable and material reductions in operating and corporate overhead costs without compromising the health and safety of staff, contractors and communities, which remain Company's highest priority.

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