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BRIEF-Oil Search says Qtrly total production 7.57 mmboe versus 7.72 mmboe in prior quarter

Published 19/04/2017, 10:32 am
BRIEF-Oil Search says Qtrly total production 7.57 mmboe versus 7.72 mmboe in prior quarter
OSH
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April 19 (Reuters) - Oil Search Ltd OSH.AX -

* 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 Source text for Eikon: ID:nASXQkMc8 Further company coverage: OSH.AX

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