Oil Search: Interim result 2017

PNG LNG remains one of the best LNG projects anywhere and it could get bigger again.

Oil prices may have dented enthusiasm for Oil Search’s PNG LNG project but this remains a tremendously profitable project, as the company's interim results show.

Production rose to 30m barrels of oil equivalent (mmboe) and higher volumes helped reduce unit production costs to just US$8.50 per barrel of oil equivalent (boe). This is 30% lower than it was in 2014.

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