Oil Search FY production rises

Company News


Oil Search Limited (ASX:OSH) full-year production beat forecasts by a whisker, even though its December quarter production fell slightly.
 
The company says it produced 6.74 million barrels of oil equivalent in fiscal 2013, up six per cent on year.
 
Total revenue for the full year was $US766.3 million, also up six per cent compared to last year.
 
Revenue for the December quarter was $US210 million, up 20 per cent on the previous quarter.
 
Oil Search says its Papua New Guinea LNG project was more than 90 per cent complete and remains on budget and on target.

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?