April 22 (Reuters) - Australia-listed Oil Search (OSH) on Friday posted a 16% rise in first-quarter revenue from the prior three months, boosted by firmer realised prices for oil as COVID-19 vaccine rollouts helped improve demand for the commodity.
The Papua New Guinea-focused firm's operating revenue for the quarter ended March 31 rose to $301.5 million from $259.5 million in the previous quarter, beating RBC Capital's estimate of $281.1 million.
Total production for the quarter fell 6.8% from a year ago to 6.86 million barrels of oil equivalent (mmboe), narrowly missing the RBC estimate of 7.1 mmboe.
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