Peter Botten

The award was announced as part of Saturday’s Australia Day Honors.

Botten has previously been awarded Commander of the British Empire award for services to the community, mining and petroleum industries in PNG.

In a statement Company Chairman, Rick Lee, congratulated Botten saying the award is recognition of his heartfelt and longstanding commitment to building corporate-community relationships in PNG.

“Botten’s leadership is held in very high regard for making a difference in PNG – not only from an industry level but at a very personal level too.

Oil Search Limited reported a net profit after tax for the first half of the year, at US$79 million; that over K260 million.

Managing Director Peter Botten said the half year results was credible achievement considering the challenges of the February earthquake in the vicinity of the company operations in the Highlands region.

“The first results were the most challenging in Oil Search operation history because of the earthquake. Given that US$79.2 million profit was made in the first half represents credible achievement.”

In a statement on July 20^th, Oil Search Limited Managing Director, Peter Botten, said the mid-term LNG SPA with PetroChina International (Hong Kong) Corporation Limited (PCI) is for a supply of approximately 0.45 million tons of  per annum (MTPA) of LNG over a three-year period.

This SPA takes the total contracted volumes from the Project to 7.0 MTPA, with 6.6 MT of PNG LNG's annual output already committed under long-term contracts to JERA, Osaka Gas, Sinopec and CPC.

Speaking at the Inaugural PNG Petroleum and Energy Summit, Oil Search Managing Director, Peter Botten, says the joint venture partners should be looking at cost synergies and optimising spending through reduced wasteful duplication of infrastructure.

He said this will offer the best capital and operational expenditure savings.

This is the second year in a row that Botten has been named on the prestigious list.

Despite dropping 27 places from 72 to 99 on the list, Botten is among some of the best CEOs to deliver this year despite slow economic growth due to lower commodity prices.

The Harvard Business Review website states that against this bleak backdrop, it’s heartening to see a group of business leaders compiling track records that allow them to stick around and implement long-term strategies.