Oil Search revenue soars post-earthquake

AUSTRLALIAN explorer and developer Oil Search has noted extremely positive results for the company’s third quarter, with a jump of 81% in revenue largely due to its PNG LNG project returning to a productive phase after recovering from the massive 7.5 magnitude earthquake that interrupted operations at the start of this year.

Oil Search revenue soars post-earthquake Oil Search revenue soars post-earthquake Oil Search revenue soars post-earthquake Oil Search revenue soars post-earthquake Oil Search revenue soars post-earthquake
 
Total revenue was A$474.9 million over the September quarter, up from $262.8 million in June, representing a 81% increase in revenue, while production in the third quarter was 7.