PNG LNG boosts Oil Search production

Group reiterates upgraded production guidance on strong lift in second-quarter output.

Oil Search (OSH) has reiterated its upgraded full-year production guidance after the commencement of production at its Papua New Guinea (PNG) LNG project led to a strong spike in second-quarter output and quarterly revenue.

In the three months to June 30, Oil Search's total oil and gas production was 3.69 million barrels of oil equivalent (mmboe), a sharp increase on the 1.63 mmboe it reported in the previous corresponding period. 

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