Oil Search downgrades 2018 production on PNG quake effects

THE Papua New Guinea earthquake outage from February to mid-April has taken a significant bite out of Oil Search’s full-year production and revenue projections. 

Oil Search downgrades 2018 production on PNG quake effects Oil Search downgrades 2018 production on PNG quake effects Oil Search downgrades 2018 production on PNG quake effects Oil Search downgrades 2018 production on PNG quake effects Oil Search downgrades 2018 production on PNG quake effects

Devastating PNG quake downgrades Oil Search's production outlook

The company reported this week that first quarter revenue fell 24% compared with the first quarter of 2017, to US$295 million from $389 million.
 
Production was down from 7.