Oil Search provide update on suspension of loading at the Kumul Marine Terminal

Friday, Aug 17, 2012

Oil Search reports that over the past week, the Company has carried out a comprehensive testing programme of the Kumul Marine Terminal loading
system, including an inspection of the tanker loading line in the vicinity of the Kumul Platform. Physical inspection and analysis of line integrity,
including testing at pressures twice the normal operating levels, has, to
date, found no source of any leak in the oil export system.

The Company has taken an appropriately conservative approach to this
incident. The intermittent appearance of very small quantities of oil
droplets, which are significantly below reportable volumes, will continue to be fully investigated, with further surveys planned in the next few days.

Should this work confirm present conclusions, Oil Search expects to return to normal operations early next week. Oil Search will continue to keep the market informed as progress is made.

Source: Oil Search Limited

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today