MARKETS

Oil Search profit back up

OIL Search production and revenue are up by 5% and 12% over June but the company has still tightened full year production guidance from between 25.5 million barrels of oil equivalent to 28.5MMboe; down to 26MMboe-28MMboe. 

Interim CEO Peter Fredrickson

Interim CEO Peter Fredrickson

Production for the September quarter was 6.9MMboe.    Sales from operations were buoyed by a 16% rise in its LNG prices over June and came to US$409 million.    Its realised LNG price in the September...

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