EXPLORATION

Oil Search in top shape for 09, pushing forward gas commercialisation

OIL SEARCH will cut down on exploration and development expenditure in 2009 despite reporting a record core net profit after tax of $US240 million ($A373 million) for 2008, 70% higher than in 2007.

Marija Stojkovic

Oil Search in top shape for 09, pushing forward gas commercialisation

Managing director Peter Botten said that while the company enters 2009 "in the best shape it has been since its incorporation in 1929", proactive management will be needed to ensure continued success....

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