Managing Director, Oil Search
Peter joined Oil Search in 1992, just after oil and gas production started from Papua New Guinea’s Kutubu and Hides fields. He was appointed Managing Director in 1994 and has overseen the growth of Oil Search from a market capitalisation of around A$300 million to more than A$14 billion. It is presently around A$11 billion, impacted by the present low oil price environment. Peter is the longest-serving CEO on the ASX. For two years in a row, he has been included on the Harvard Business Review’s list of the 100 Best-Performing CEOs in the world.
After graduating from the Royal School of Mines, Imperial College London in 1976, Peter joined the French energy group Cogema as a specialist sedimentologist. With Cogema, Peter worked across Africa, Europe and North America. Subsequent work with Kufpec, and later Petroz, saw Peter fill both technical and management roles in Africa and South East Asia.
Peter has been a leader in the Papua New Guinea petroleum industry for more than 20 years. He was formerly President of the Chamber of Mines and Petroleum and is a Council Member of the Australia PNG Business Council. He is the Chairman of the Oil Search Foundation, which is delivering major health and education programs in Papua New Guinea, in partnership with the National Department of Health, the Global Fund and the Australian Government.
In 2016, Peter was appointed to AGL Energy’s Board of Directors. He is also Chairman of the Hela Provincial Health Authority, the National Football Stadium Board in Port Moresby, and Business for Development Board in Australia.
He was made a Commander of the British Empire (CBE) in 2008 in the Queen’s Honours List for services to the community, mining and petroleum industries in Papua New Guinea.