Oil Search Focused on Getting Cost-Base in Control, MD Wulff Says

The video discusses the impact of the coronavirus on the global energy sector, highlighting the challenges faced due to market uncertainty and declining oil prices. It examines how travel restrictions are affecting negotiations with Asian buyers and the status of major projects in Papua New Guinea. The discussion also covers the positive results from the Alaska project and the company's financial performance, focusing on production increases and cost efficiency.

What has been the primary impact of the coronavirus on the energy sector?

• Growth in energy demand

• Decline in oil prices

• Stability in oil prices

• Increase in energy prices

How have travel restrictions affected negotiations with Asian buyers?

• They have accelerated the negotiations

• They have had no impact

• They have slowed down the negotiations

• They have led to more face-to-face meetings

What is the current status of demand from Chinese buyers according to the transcript?

• Significant decrease in demand

• Complete halt in demand

• Significant increase in demand

• No significant movements in demand

What is the main focus of the informal discussions regarding the Peon Pyongyang joint venture?

• Bridging the gap between parties' expectations

• Increasing production capacity

• Reducing project costs

• Expanding into new markets

What is the company's strategy regarding its stake in Alaska?

• Sell all stakes immediately

• Maintain an optimum equity of 35%

• Acquire new projects in Alaska

• Increase stake to 50%

What was one of the reasons for the profit decline mentioned in the transcript?

• Increase in commodity prices

• One-off events impacting numbers

• Expansion into new markets

• Decrease in production

What is the company's focus to improve its financial performance?

• Increasing marketing expenses

• Optimizing capital efficiency

• Expanding workforce

• Reducing production