News: OSH Oil Search considers cutting Papua New Guinea oil output from July

MELBOURNE, May 5 (Reuters) - Oil Search (OSH) is considering cutting its oil production in Papua New Guinea from July due to weak global oil prices, Managing Director Keiran Wulff said on Tuesday.

"Obviously the demand is very soft and inventories are very full," Wulff said at the Macquarie Australia conference.

He said the company was in talks with the Papua New Guinea government about potentially shutting in oil output, adding that current liquids production was needed as it was produced along with gas for PNG LNG, run by Exxon Mobil Corp XOM.N .

Oil Search produced 1.57 million barrels of oil last year in PNG.