OSH 0.92% $3.79 oil search limited

News: OSH Oil Search Q2 production, revenue dip on maintenance

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    July 18 (Reuters) - Australia's Oil Search Ltd (OSH) said on Tuesday that output in the second quarter fell from the previous quarter due to maintenance activities at its operated facilities and at the PNG LNG plant, but it remained on track to meet its 2017 guidance.

    Papua New Guinea-focused Oil Search reported production of 7.24 million barrels of oil equivalent (mmboe) for the quarter ended June, compared to 7.57 mmboe for the quarter ended March 30.

    It still expects to produce between 28.5 mmboe and 30.5 mmboe in 2017.

    Total revenue for the quarter fell to $332.5 million from $343.7 million in the previous quarter.

 
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