OIL SEARCH LIMITED, A MONSTER BUILT BY TAX PAYERS OF PAPUA NEW GUINEA
Peter Botten - Photo Herald Sun By R.S. MULAN The controversy surrounding the UBS/Oil Search Deal is too important to face a natural death with passage of time. Many experts and people in the know have openly described the deal as “not in the best interest” of Papua New Guinea. Much has been said about the impropriety and illegality of the loan hence I do not wish to labour on the same issue. I am not an expert nor do I claim to have industry knowledge, but a recent cursory inquiry had taken me to realise some of the connected yet unconnected facts about an empire the people of Papua New Guinea have been building –Oil Search Limited (OSL). Lies and deceits have led us to build a monster that we rarely own nor benefit from. According to Wikipedia online, OSL is acclaimed as the largest oil and gas exploration and Development Company incorporated in Papua New Guinea, which operates all of Papua New Guinea's oilfields. Founded in 1929, it is now one of Papua New Guinea'