Oil and gas company Oil Search
(ASX:OSH) have seen a fall in their first-half profits of 39 per cent to US$79.2 million.
Revenue is down 17.5 per cent from US$557.8 million to US$676.2 million for the first half 2017.
This can be attributed to Papua New Guinea's devastating earthquake in back in February which took a toll on production and killed over 100 people.
Oil Search’s MD says all production facilities are now back online, a major achievement by them and ExxonMobil’s operational teams.
Oil Search declared an interim dividend of US2 cents, as expected, down from US4 cents a year earlier.
Shares in Oil Search
(ASX:OSH) are trading 1.46 per cent lower to $9.09.
