EXPLORATION

Oil Search to boost PNG spending

PAPUA New Guinea-focused Oil Search has posted a solid result for calendar 2016, with earnings of $US847 million ($A 1.1 billion) off stronger production and reduced costs, although it was hurt by lower energy prices.

 Oil Search to boost PNG spending

The Sydney-based company also became one of the few oilers to stick with paying dividends despite a newly introduced PNG withholding tax of 15%.   The company's solid result capped off a week in which...

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