News: OSH Oil Search Sees Higher Operating Expenditure And Lower Production In 2021

Nov 19 (Reuters) - Oil Search Ltd (OSH) :

• NOW AIMING TO REDUCE OPERATED GHG EMISSIONS INTENSITY BY IN EXCESS OF 30% BY 2030
• SEES 2028-2030 FREE CASH FLOW OF US$1.5 BILLION-US$2 BILLION PER ANNUM
• SEES 2028-2030 PRODUCTION OF MORE THAN 50 MMBOE PER ANNUM
• FOR PNG, TARGETING 40% DECREASE IN OPEX BY 2023
• SEES HIGHER OPERATING EXPENDITURE AND LOWER PRODUCTION IN 2021
• IN 2021, INVESTMENT EXPENDITURE EXPECTED TO BE BELOW 2020 LEVELS

Source text https://bit.ly/38W3RJK

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