Oil Search Limited (ASX:OSH) has reported a 6.2 per cent drop in its half year net profit of $104 million.
The oil and gas explorer says that higher exploration costs were the major reason behind the fall.
Slow production is expected in the coming months following recent operation suspensions in Papua New Guinea.
CEO Peter Botten says that full year production targets are still expected to be within the previous guidance range.
Oil Search will pay an unfranked interim dividend of 2 US cents.
