Oil Search takes off on production, oil prices

STRONG production and a higher oil price have allowed Papua New Guinea-focused Oil Search to post operating revenue of $US116.6 million for the quarter ending June 30, 2009.

22 July 2009
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This is 63% higher than in the first quarter of this year, though still down 58% compared to the second quarter of 2008.

Production for the quarter was 1.

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