Oil Search grits its teeth through another tough quarter

OIL Search is settling into the long haul of dealing with the fallout of the COVID-19 pandemic and its knock-on effects on its business, recording a 29% fall in revenue in the third quarter due to the lags on LNG contract pricing.

Oil Search grits its teeth through another tough quarter Oil Search grits its teeth through another tough quarter Oil Search grits its teeth through another tough quarter Oil Search grits its teeth through another tough quarter Oil Search grits its teeth through another tough quarter

Quarterly revenue came to US$189 million, falling 29% compared to last quarter, and a 47.6% fall compared to the same quarter last year where it earned US$361.1 million.