Feb 23 (Reuters) - Oil Search Ltd OSH.AX :
* 2015 full year results OSH.AX
* FY total revenue US$ 1.59 billion versus US$ 1.61 billion last year
* FY net loss after tax US$ 39.4 million versus profit US$353.2 million last year
* Says 2015 final unfranked dividend of four US cents per share was announced
* Says Oil Search expects a gross production rate of lng of between 7.5 and 7.9 mtpa during 2016
* Oil Search is clearly not immune to low Oil and gas prices"
* Says dividend policy remains unchanged
* "Will be progressive rebalancing of supply and demand that will see a lift in Oil prices in 2017 and 2018"
* Says operating costs are expected to decline in 2016
* Says total capital spend in 2016 is expected to be approximately 35% lower than in 2015
* Ongoing delivery of cost-control initiatives expected to deliver reduction in production costs for operated Oil and gas production of about 25%, or approximately us$3/boe, in 2016
* Source text for Eikon ID:nASX40pgTR