OPERATIONS

Oil prices hit Oil Search's bottom line

WEAKER oil prices have taken a toll on Oil Search, with the company's profit after tax for the six months to June 30 plummeting 73.3% to $US35.6 million ($A42.5 million).

Marija Stojkovic

"After seven years of strong growth, Oil Search's 2009 first half profit was impacted by the steep fall in oil prices resulting from the global financial crisis," managing director Peter Botten said. ...

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