July 21 (Reuters) - Oil Search Ltd OSH.AX :
* Q2 2015 production 7.41 mmboe versus 6.91 mmboe in Q1 2015
* Q2 2015 total revenue US$ 391.5 million versus US$ 472.3 million in Q1 2015
* Says Q2 2015 total sales 7.41 mmboe versus 7.04 mmboe in Q1 2015
* Says full year production cost guidance per barrel of Oil equivalent declining from US$10 - 12/boe to US$9 - 11/boe
* "Well positioned to progress its value accretive growth projects, despite the current weak global Oil and lng price environment"
* Since commencement of production in April 2014, PNG LNG project has exported more than seven million tonnes of lng
* Now expects 2015 full year production to be between 27 - 29 mmboe, up from
the previous guidance range of 26 - 28 mmboe
* At present, the company does not anticipate any impairment charges in the first half of 2015
* Says at the end of June 2015, Oil Search had cash of US$843.0 million and debt of US$4.29 billion
* Source text for Eikon ID:nASX83w1Gw