OilSearchLimited_CIQReportLandscape

Oil Search Limited Equivalent Held UBS Asset Management AG 0 (106,267,988) Grantham Mayo Van Otterloo & Co. LLC 0 (10,510,753) Fidelity International Ltd 0 (4,435,833) Dimensional Fund Advisors LP 0 (4,276,770) BlackRock, Inc. 0 (3,157,035) Insider Trading Activity Summary Last 3 Months Transactions Shares # of Purchases 0 # of Shares Purchased 0 # of Sales 0 # of Shares Sold 0 Net Transactions 0 Net Sales 0 Last 6 Months Transactions Shares # of Purchases 0 # of Shares Purchased 0 # of Sales 0 # of Shares Sold 0 Net Transactions 0 Net Sales 0 Private Ownership Investor Relations hip Type Transacti on Date(s) Company Type Investme nt Coverage Most Recent Transacti on Size (USD in mm) Most Recent Amount Invested (USD in mm) Santos Limited Current Subsidiary/ Operating Unit Jul-20-2021 Public Company - 9,197.31 - BlackRock, Inc. Prior Jul-20-2021 Public Investment Firm - 9,197.31 - UBS Group AG Prior Jul-20-2021 Public Company - 9,197.31 - The Capital Group Prior Sep-08- Private - 12,529.30 - Companies, Inc. 2015 Investment Firm International Petroleum Investment Company PJSC Prior Sep-08- 2015 Private Investment Firm - 12,529.30 - Mamoura Diversified Global Holding PJSC Prior - Private Investment Firm - - - Papua New Guinea Prior Feb-27- 2014, Sep- 08-2015 Governmen t Institution - 12,529.30 - Wilson Asset Management (International) Pty Limited Prior Jul-20-2021 Private Investment Firm - 9,197.31 - Capital World Investors Prior Sep-08- 2015 Private Investment Firm - 12,529.30 - Allan Gray Australia Equity Fund Prior - Public Fund - - - Equity Trustees Ltd., Asset Management Arm Prior - Private Investment Firm - - - Global Resource Masters Fund Limited Prior - Private Investment Firm - - - J.P. Morgan Nominees Australia Limited, Investment Arm Prior Sep-08- 2015 Private Investment Firm - 12,529.30 - National Petroleum Company of PNG (Kroton) Limited Prior Sep-08- 2015 Private Company - 12,529.30 - Mubadala Investment Company PJSC Prior - Private Investment Firm - - - Mubadala Petroleum And Petrochemicals Holding Company LLC Prior Jun-24- 2021 Private Company - 274.94 - Key Executives Name Title Buskens, Leon Executive VP & Co-Head of PNG Date Created: May-10-2023 Copyright © 2023 S&P Global Market Intelligence, a division of S&P Global Inc. All Rights reserved. Page 3 of 17

Oil Search Limited Announced Date Feb-23-2021 Target Nanushuk West A in Alaska Status Closed Size (USD mm) - Participants: North Slope Energy, LLC (Seller / Distributing Company); Oil Search Limited (Investor / Buyer) Synopsis: Oil Search Limited (ASX:OSH) acquired 36% stake in Nanushuk West A in Alaska from North Slope Energy in 2020. Pre-Deal Situation: - Deal Resolution: Oil Search Limited (ASX:OSH) completed the acquisition of 36% stake in Nanushuk West A in Alaska from North Slope Energy in 2020. Announced Date Jan-25-2019 Target 120 Leases of Lagniappe Alaska Status Closed Size (USD mm) 8.00 Participants: Lagniappe Alaska LLC (Seller / Distributing Company); Oil Search Limited (Investor / Buyer) Synopsis: Oil Search Limited (ASX:OSH) entered into an Area of Mutual Interest (AMI) agreement to acquire 50% stake in 120 Leases of Lagniappe Alaska LLC for $8 million on January 24, 2019. Oil Search will pay approximately $8 million for the 120 leases covering approximately 195,200 gross acres in the eastern area, equivalent to 50% of the acquisition costs incurred by Lagniappe at an average acquisition cost of approximately $82 per acre. Pre-Deal Situation: - Deal Resolution: Oil Search Limited (ASX:OSH) completed the acquisition of a 50% stake in 120 Leases of Lagniappe Alaska LLC on February 21, 2019. Summary Public Offerings/Shelf Registrations Date Created: May-10-2023 Copyright © 2023 S&P Global Market Intelligence, a division of S&P Global Inc. All Rights reserved. Page 6 of 17

Oil Search Limited office will remain in Adelaide. Following the merger, there would be an opportunity for Oil Search directors to join the board of Santos. Senior executives of Oil Search would join a combined management team of the merged entity. The transaction is subject to due diligence, negotiation and execution of Merger Implementation Agreement, there being no material change to Oil Search’s business, operations or capital structure, among others. The revised proposal is subject to conditions such as due diligence, Oil Search shareholder approval, PNG court approval, definitive agreement and regulatory approvals including clearance from the Pacific island country's government. A transition committee would be established with representatives from both companies in order to achieve a smooth transition to a merged operating model. On July 9, 2021 Santos received a letter from Oil Search which acknowledged the strengths of the combined company and the rationale for the merger proposal but noted that the proposal did not offer appropriate value for Oil Search shareholders or a basis on which discussions could be progressed. On July 20, 2021, Oil Search rejected the bid and stated that it is open to receiving a revised proposal which more appropriately reflects the value which Oil Search would bring to any combined entity, however at this stage no such proposal has been forthcoming. Santos continues to believe that the Merger Proposal represents an extremely attractive opportunity to deliver compelling value accretion to both Santos and Oil Search shareholders. As of August 2, 2021, Subject to each party completing due diligence on the other to its satisfaction and entry into a merger implementation agreement, the Board of Directors of Oil Search intend to unanimously recommend the revised merger proposal in the absence of a superior proposal and subject to an independent expert concluding that the scheme of arrangement is in the best interests of Oil Search shareholders. As on September 6, 2021, Oil Search and Santos have agreed to extend the exclusive due diligence period for a further 1 week to September 13, 2021. The Papua New Guinea government has raised concerns about a transaction. The Papua New Guinea Petroleum Minister, Kerenga Kua said that agreement might be harmful to both the government and the people. As of October 4, 2021, shareholder of Oil Search Limited believed the company is being handed over too cheaply. The transaction requires the approval of 75% shareholders of Oil Search Limited. Securing the 75% vote might not be straightforward given several large institutional investors were yet to be convinced of the merger. Shareholder meeting of Oil Search Limited will be held on November 29, 2021. On September 10, 2021, Board of Oil Search Limited unanimously approved the deal. As on November 11, 2021, The National Court of Papua New Guinea advised for the distribution of Scheme Booklet and convening of Scheme Meeting on December 7, 2021. The Independent Expert has concluded that the Merger is in the best interests of Oil Search shareholders in the absence of a superior proposal and The Oil Search Board continues to unanimously recommend that Oil Search shareholders vote in favor of the Scheme at the Scheme Meeting. The Deed pool has been signed on November 9, 2021 for the transaction. As on December 6, 2021, the transaction is approved by PNG Securities Commission. As of December 7, 2021, the transaction was approved the majority of the shareholders of Oil Search Limited. On December 8, 2021, Independent Consumer and Competition Commission of Papua New Guinea approved the transaction. On December 9, 2021, National Court of Papua New Guinea approved the scheme of arrangement. Oil Search shares will be last traded on ASX and PNGX on December 10, 2021. As of December 10, 2021, scheme has become legally effective. The scheme implementation date is December 17, 2021. Citigroup Inc. (NYSE:C) and J.B. North & Co Pty Ltd acted as financial advisors while Tony Damian, Robert Merrick and Peter O'Sullivan of Herbert Smith Freehills and Dentons Australia Limited acted as legal advisors to Santos. The Goldman Sachs Group, Inc. (NYSE:GS) and Macquarie Capital (Australia) Limited acted as financial advisors and Allens acted as legal advisor to Oil Search Limited. Rothschild & Co SCA (ENXTPA:ROTH) acted as financial advisor to the board of Oil Search Limited. Coleson Bruce of Shearman & Sterling LLP acted as legal advisor to Oil Search Limited. Grant Samuel Group Limited acting as an independent expert to provide an opinion on transaction. Ernst & Young Australia acted as an accountant and Computershare Investor Services Pty Limited acted as a registrar to Oil Search. Santos Limited (ASX:STO) completed the acquisition of Oil Search Limited (ASX:OSH) from Wilson Asset Management (International) Pty Limited, BlackRock, Inc. (NYSE:BLK), UBS Group AG (SWX:UBSG) and other shareholders on December 17, 2021. As per update on December 20, 2021, Oil Search Limited will be removed from the Official List at the close of trading. Source: Capital IQ Transaction Database Oil Search Limited(ASX:OSH) dropped from S&P/ASX 200 Energy Sector Index Oil Search Limited Dec-13-2021 Index Constituent Drop Situation: Oil Search Limited(ASX:OSH) dropped from S&P/ASX 200 Energy Sector Index Source: Index Website Oil Search Limited(ASX:OSH) dropped from S&P/ASX 300 Index Oil Search Limited Dec-13-2021 Index Constituent Drop Situation: Oil Search Limited(ASX:OSH) dropped from S&P/ASX 300 Index Source: Index Website Oil Search Limited(ASX:OSH) dropped from S&P/ASX All Ordinaries Index Oil Search Limited Dec-13-2021 Index Constituent Drop Situation: Oil Search Limited(ASX:OSH) dropped from S&P/ASX All Ordinaries Index Source: Index Website Oil Search Limited(ASX:OSH) dropped from S&P/ASX 100 Index Oil Search Limited Dec-13-2021 Index Constituent Drop Situation: Oil Search Limited(ASX:OSH) dropped from S&P/ASX 100 Index Source: Index Website Oil Search Limited(ASX:OSH) dropped from S&P/ASX 200 Index Oil Search Limited Dec-13-2021 Index Constituent Drop Situation: Oil Search Limited(ASX:OSH) dropped from S&P/ASX 200 Index Source: Index Website Transaction Advisors Accounting Advisors Advisor No. of Transactions Total Value Disclosed (USD mm) Most Recent Transaction Date Computershare Investor Services Pty Limited 4 10,155.11 Jul-20-2021 Transaction Dates: Jul-20-2021 (Oil Search Limited), Apr-07-2020 (Oil Search Limited), Apr-02-2014 (Oil Search Limited), Oct-19-2009 (Oil Search Limited) Date Created: May-10-2023 Copyright © 2023 S&P Global Market Intelligence, a division of S&P Global Inc. All Rights reserved. Page 9 of 17

Oil Search Limited S&P Global Market Intelligence Nov-11-2021 07:48 AM TOP NEWS IN ENERGY & UTILITIES * In a major diplomatic breakthrough for U.S. President Joe Biden's top climate envoy, John Kerry, China and the U.S. agreed Nov. 10 to act jointly to boost global climate action this decade. * Entergy Mississippi LLC plans to replace some of its aging natural gas generation with 1 GW of renewables over the next five years to make the state more attractive for economic development, parent company Entergy Corp. announced Nov. 10. National climate pledges at COP26 fail to deliver on Paris ➤ goals, analyses show The world's eight largest emitters account for nearly two-thirds of all greenhouse gases that humans spew into the atmosphere, and all those nations are falling short of meeting their net-zero emission pledges, climate researchers warned. New Jersey Resources starts up 1st East Coast green ➤ hydrogen blending project New Jersey Resources Corp. has placed its green hydrogen pilot project into service, making the gas utility operator the first on the East Coast to blend the zero-carbon fuel into its distribution system. DOE, Interior officials laud infrastructure package, stay bullish on budget bill Biden ➤ administration officials touted the recently passed bipartisan infrastructure deal as the first step toward reaching the president's ambitious climate and clean energy targets, while sharing their optimism about the Build Back Better Act's eventual passage. UTILITIES & POWER * A new federal-state task force to help speed the build-out of the U.S. electric grid wrestled Nov. 10 with how far the Federal Energy Regulatory Commission should go in encouraging greater state participation within the regional grid operators as part of the agency's sweeping transmission rulemaking. * The Utah legislature passed a "surprise bill" that would strip Intermountain Power Agency of its exemptions under the state's transparency laws. The bill was introduced in response to the alleged divergence of the utility's interests from those of the state, The Salt Lake Tribune wrote. * A Puerto Rico court suspended but did not dismiss an order to detain the chief executive of LUMA Energy LLC, after the island's electricity transmission and distribution system manager provided additional documents to local lawmakers, Bloomberg News reported. * Maine ratepayers could see double-digit increases in their bills in 2022, the Portland Press Herald reported, citing assumptions provided by the state Public Utilities Commission to the state legislature. * Latest filings revealed that Ohio utilities such as FirstEnergy Corp. and American Electric Power Co. Inc. are still spending a lot on lobbying for legislative actions relating to fossil fuel subsidies and slowing the growth of renewable energy, according to Energy News Network. RENEWABLES & CLIMATE * The U.S. Commerce Department declined to investigate allegations that Chinese solar manufacturers have moved operations to Southeast Asia in recent years to evade U.S. import tariffs. * Engie SA's deal to sell energy services business Equans SAS to Bouygues SA is a "major milestone" in the French utility's disposal program and will enable it to ramp up spending on renewables, executives said Nov. 10. * Emera Inc. executives remained upbeat on the opportunity offered by the Atlantic Loop transmission project and the broader Eastern Canada clean energy initiative and expect to provide more clarity by early 2022. * A COP26 draft agreement calls for a faster phaseout of coal and fossil fuel subsidies but without a firm deadline, The Hill in Washington, D.C., reported. * The Financial Times explores the current and continuing growth of renewable energy-focused investment trusts. NATURAL GAS * Western Midstream Partners LP emphasized the company's ongoing efforts to minimize emissions and lowering its debt ratio as key priorities for the company headed into 2022. * The move by Reliance Industries Ltd. to divest all its U.S. shale assets and exit the sector signals its intention to ensure the company maintains its sharp focus on India's domestic market, where its energy portfolio is being increasingly diversified beyond its core refining business, S&P Global Platts reported. * Southwest Gas Corp. said the Sunoma renewable natural gas project has opened at the Paloma Dairy in Gila Bend, Ariz. * Piedmont Natural Gas has selected a route for its critical Greenville County, S.C., reliability project after reviewing community input. The project is intended to meet increasing demand for natural gas in the area. * The St. Louis County, Mo., Council plans to hold a hearing over Spire Inc.'s recent email warning residents of potential natural gas outages this winter, the St. Louis Post-Dispatch reported. * Chevron Australia Pty. Ltd. plans to invest A$40 million in Western Australian lower carbon projects to address a carbon dioxide injection shortfall at the Gorgon natural gas facility over the five-year period ending July 17, 2021. OIL * BP PLC and Aker ASA jointly sold a 5% interest in Aker BP ASA for about $655 million, lowering their combined stake in the Norwegian oil and gas producer to 65%, Reuters reported. * Tullow Oil PLC expects its equity interests in the Jubilee field and the TEN fields in Ghana to increase 38.9% and 54.8%, respectively, after exercising its preemption rights related to the sale of Occidental Petroleum Corp.'s interests in the fields to Kosmos Energy Ltd. * Independent expert firm Grant Samuel found that Oil Search Ltd.'s merger with Santos Ltd. undervalues Oil Search but would be in its best interest, according to Reuters. Note: The PM Edition of The Daily Dose, Energy, will not publish Thursday, Nov. 11. Your next issue will be Friday, Nov. 12. The Daily Dose has an editorial deadline of 7:30 a.m. ET. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later. S&P Global Market Intelligence and S&P Global Platts are owned by S&P Global Inc. Ill. House clears bill to save nukes; AEP eyes more cost-sharing for coal plants Date Created: May-10-2023 Copyright © 2023 S&P Global Market Intelligence, a division of S&P Global Inc. All Rights reserved. Page 12 of 17

Oil Search Limited S&P Global Market Intelligence Jul-20-2021 07:53 AM TOP NEWS IN ENERGY & UTILITIES * Wall Street anticipates mixed second-quarter earnings results for gas utility operators, potentially putting a period of solid profit growth on pause for the sector. * Investors will be watching second-quarter midstream earnings for signs that accelerating commercial activity is sufficient to support new infrastructure growth opportunities. Energy shares head south as OPEC adds oil, COVID- ➤ 19 variant threatens demand Worries the delta variant of COVID-19 is pushing the world back into lockdown battered major energy stocks and indexes July 19, with many off 4% or more by midday, according to S&P Global Market Intelligence. Cheniere, Sempra Energy may need more India sales as EU methane rules ➤ evolve The EU's "Fit for 55" climate package has initially excluded trade in oil and gas, with a focus instead on metals, fertilizers and building materials, as discussed in Panjiva's research of July 16. That should be a boon for U.S. oil and natural gas exporters. Yet, forthcoming regulations on methane emissions associated with natural gas extraction could put them at a disadvantage in the EU, London's Financial Times reported. UTILITIES & POWER * The Federal Energy Regulatory Commission has rejected a complaint that sought to invalidate PJM Interconnection's approval of Dominion Energy Inc.'s decision to pull out of the region's capacity market, quelling concerns the May capacity auction could be subject to refund obligations or an auction rerun. * Arizona utility regulators announced they are considering multiple proposals in response to a federally declared water shortage expected next month. A formal declaration would require Arizonans that rely on water from the Colorado River to curtail their usage. * On a day when the S&P 500 index shed 1.59% amid investor angst over rising COVID-19 cases, shares in California utility holding company PG&E Corp. absorbed additional negative sentiment related to another major wildfire potentially triggered by its operating arm, Pacific Gas and Electric Co. * The Associated Press summarized the impacts of an ongoing bribery scandal in Ohio that has ensnared state legislators, regulators and utilities. * Vistra Corp. plans to shutter its roughly 1,300-MW W.H. Zimmer coal-fired generating station in Moscow, Ohio, on May 31, 2022, five years ahead of a previous retirement schedule, the company said July 19. * The Utah Associated Municipal Power Systems has decided to reduce the number of small modular nuclear reactors at its planned Idaho project to six from 12, according to the AP. * Consultation documents revealed the British government's plans to strip National Grid plc of its gas and electric system operator role, the Financial Times reported. RENEWABLES & CLIMATE * Democratic lawmakers have floated legislative language that would impose a fee on carbon- intensive imports entering the U.S.; the language comes ahead of Senate Democrats' reveal of a full package of priority legislation on climate and other issues. * Governments are only allocating about 2% of their recovery spending to clean energy measures, falling short of what is needed to achieve international climate goals, the International Energy Agency said in a new report. * Daybreak Power Inc. said FERC issued a preliminary permit approving its proposed 2,650-MW Halverson Canyon Pumped Storage project near Creston, Wash. * The Bureau of Reclamation has begun taking extreme action to bolster Lake Powell's declining water levels to prevent the Glen Canyon Dam from being unable to generate electrical power, The Salt Lake Tribune reported. * Investments resulted in a slight increase in renewable energy jobs in 2020, despite an overall drop within the energy sector during the same period, The Hill in Washington, D.C., reported, citing a U.S. Department of Energy report. NATURAL GAS * Inter Pipeline Ltd. is considering Brookfield Infrastructure Partners LP's revised $6.7 billion bid after its rival suitor Pembina Pipeline Corp. declined to raise its own proposal, Bloomberg News reported. * The U.S. and Germany could be announcing a deal to resolve their dispute over Russia's controversial Nord Stream 2 natural gas pipeline in the coming days, Reuters reported, citing sources familiar with the matter. * The Nisga'a Nation and its partners Western LNG LLC and Rockies LNG are moving forward with a 12 million-tonne-per-year LNG project in British Columbia, according to the Financial Post. OIL * Oil Search Ltd., the largest oil producer in Papua New Guinea, rejected a US$6.5 billion unsolicited merger proposal from Australia's Santos Ltd., saying it was not in the best interest of shareholders, according to Reuters. * Separately, the timeline for Oil Search's Pikka project on Alaska's North Slope has become uncertain after managing director Keiran Wulff resigned due to medical issues and amid a whistleblower's complaint about his behavior, the Anchorage Daily News reported. * Motiva Enterprises LLC, a unit of Saudi Arabian Oil Co., has put on hold its $6.6 billion plan to expand its refining complex in Port Arthur, Texas, The Wall Street Journal reported. A separate report from Bloomberg News said Motiva might be reviving a separate plastics project in Texas, which was suspended two years ago. The Daily Dose has an editorial deadline of 7:30 a.m. ET. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later. Investors representing $47 trillion target more companies for climate engagement S&P Global Market Intelligence Nov-18-2020 04:53 PM The Climate Action 100+ initiative of hundreds of investors that collectively represent more than $47 trillion in assets under management has added several companies to their engagement list. The initiative, first launched in 2017 and coordinated by the sustainability-focused group Ceres, is now targeting 167 companies in the energy, metals and mining, chemicals, transportation and consumer sectors and has removed two prior companies from the list. Climate Action 100+, which includes the world's largest asset manager BlackRock Inc., is a coordinated climate-focused engagement strategy that targets companies the initiative has deemed to be globally significant emitters of greenhouse gases or able to play a significant role in the transition to net- zero emissions by 2050. Through letters, direct meetings with company officials and shareholder resolutions, the group presses companies to set goals to reach the net-zero target and to assess and report on their climate risks. Added to the target list are German energy utility Uniper SE and oil and gas companies Saudi Arabian Oil Co. in Saudi Arabia; Mexico-based Petróleos Mexicanos SA de CV, more commonly known as PEMEX; and Oil Search Ltd. based in Papua New Guinea. The target list also now includes industrial companies Grupo Argos SA in Colombia and UltraTech Cement Ltd. in India; and Australia-headquartered chemical manufacturers Incitec Pivot Ltd. and Orica Ltd. Southern Copper Corp. was removed from the list and its parent organization, Grupo México SAB de CV, was added instead. Climate Action 100+ said it removed the retail company Wesfarmers Ltd. from the list due to "de-mergers and asset sales" that have left the company "substantially different" than before. In a news release, the initiative indicated it was sticking with companies in sectors already covered by others on the list. Moreover, "given the early stages of these engagements," the new companies will not be subject to the initial round of net-zero benchmark assessments that the initiative plans to publish in 2021, said the release. COVID-19 may slow renewable growth; capex cuts, new debt are 'short-term fixes' Date Created: May-10-2023 Copyright © 2023 S&P Global Market Intelligence, a division of S&P Global Inc. All Rights reserved. Page 15 of 17