Oil Search’s Agogo production facility resumes operations | Finance News Network

Oil Search’s Agogo production facility resumes operations

Company News

by Anna Napoli

Oil and gas company, Oil Search (ASX:OSH) has advised that its Agogo production Facility in PNG has resumed operations.

The facility was closed to complete repair work following the Highlands earthquake in February.

With the restart of the plant, all Oil Search operated-facilities are now online.

Oil production commenced at an initial rate of around 2000 barrels per day and a progressive ramp up production is expected through to early 2019.

The miner’s production guidance remains unchanged towards the upper end of 23 to 26 million barrels of oil.

Shares in Oil Search (ASX:OSH) are trading is trading 0.17 per cent lower to $8.96

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.