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.
 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.