Oil Search beats FY production forecast

Full-year revenue and full-year production lift compared to prior year but December quarter production falls slightly.

Oil Search (OSH) has lifted 2014 production guidance after 2013 production slightly exceeded forecasts and lifted compared with the prior year, although its December quarter production fell slightly.

In a statement to the Australian Securities Exchange, Oil Search said its full-year 2013 production was 6.74 million barrels of oil equivalent (mmboe), slightly above the 6.2 mmboe to 6.7 mmboe guidance range and 6% higher than in full-year 2012.

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