Oil Search (ASX:OSH) has reported a 16 per cent gain in revenue for the half year ended 30 June 2017 of US$676.2 million, compared to the prior corresponding period in 2016. At the same time though, its production fell 1 per cent over the period.
For the June quarter end, the oil and gas explorer and developer saw a drop in production, sales and revenue (compared to PCP) on the back of scheduled maintenance at three of the company’s facilities.
Oil Search says the planned works took place at the central processing facility (CPF), Agogo production facility (APF) and at the PNG LNG project plant site, which occurred in May.
The company will release its full year results on 22 August 2017.
Shares in Oil Search (ASX:OSH) are trading 1.25 per cent lower to $6.70.