Oil Search announces operations resume in PNG

Company News

by Anna Napoli

Oil and gas company, Oil Search (ASX:OSH) has announced operations at its central processing facility in Papua New Guinea have resumed.

The facility was shut following a 7.5 magnitude earthquake in the Papua New Guinea Highlands in February.

Oil production from a number of Kutubu oil wells has also commenced, at an initial rate of 4000 barrels a day.

The company says it will provide revised guidance when it announces its first quarter results on 17 April.

Shares in Oil Search (ASX:OSH) are trading 1.12 per cent lower to $7.07.
 

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