News: OSH Oil Search says Qtrly total production 7.57 mmboe versus 7.72 mmboe in prior quarter

April 19 (Reuters) - Oil Search Ltd (OSH) -

• Unit production cost guidance for year has been reduced from us$8.50-10.50/boe to us$8-10/boe
• Qtrly total production 7.57 mmboe versus 7.72 mmboe in prior quarter
• Qtrly revenue for period declined by only 1%, to us$343.7 million
• Oil Search remains on track to deliver 2017 production within 28.5 - 30.5 mmboe guidance range
• "Based on year-to-date performance, expected production costs in 2017 have been revised downwards"
• Oil search's us$500 million corporate facility expires at end of october 2017.
• Oil search has decided to expand facility to us$600 million
• Expected production costs in 2017 have been revised downwards