OSH oil search limited
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News: OSH Australia's Oil Search clocks 29 pct jump in Q4 revenue

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    22/01/19
    09:25
    Post #: 37182585

    Jan 22 (Reuters) - Oil and gas explorer Oil Search (OSH) said on Tuesday its fourth-quarter revenue jumped 29 percent as an uptick in sales offset weaker oil prices.

    The Papua New Guinea-focused company said total revenue for the quarter to Dec. 31 rose to $503.1 million from $389 million in the same quarter a year earlier.

    Production for the quarter fell to 7.44 million barrels of oil equivalent (MMBOE) from 7.59 mmboe a year earlier.

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