News: OSH Oil Search Posts Q4 Total Production Of 7.01 MMBOE

Jan 28 (Reuters) - Oil Search Ltd (OSH) :

• Q4 TOTAL PRODUCTION 7.01 MMBOE VERSUS 6.81 MMBOE IN Q3
• Q4 TOTAL SALES 7.92 MMBOE VERSUS 6.47 MMBOE IN Q3
• Q4 TOTAL REVENUE $446.7 MILLION VERSUS $361.1 MILLION IN Q3
• SEES 2020 TOTAL PRODUCTION 27.5 - 29.5 MMBOE
• FEED ENTRY FOR PIKKA UNIT DEVELOPMENT ON ALASKA'S NORTH SLOPE IS EXPECTED IN EARLY 2020
• ENGAGED AN INVESTMENT BANK TO SUPPORT SELL-DOWN PROCESS OF UP TO A 15% INTEREST IN PIKKA PROJECT AND OTHER ALASKAN LEASES
• PLANS TO SELL UP TO 15% STAKE IN PIKKA PROJECT & OTHER ALASKAN LEASES AHEAD OF FINAL INVESTMENT DECISION IN H2 2020 PROGRESSING WELL