Price slump hits Oil Search revenue

OIL Search production dipped 5% last quarter, and revenue was down 16% as the company grappled with lower oil prices.

Price slump hits Oil Search revenue Price slump hits Oil Search revenue Price slump hits Oil Search revenue Price slump hits Oil Search revenue Price slump hits Oil Search revenue

Revenue slumped from $US562.1 million ($A730 million) to $US472.3 million as the lower liquids prices took a bite out of the bottom line.

LNG prices were down to an average of $US12.

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