OPERATIONS

Oil Search on track to hit production target

A TWO-week shutdown of the PNG LNG central processing facility has lowered Oil Search's third quarter production but the company still expects to reach its 2011 production guidance of 6.2-6.7 million barrels of oil equivalent.

Marija Stojkovic

Oil Search on track to hit production target

Production for the quarter reached 1.49MMboe, 16% less than the 1.76MMboe produced in the June quarter. Total operating revenue for the period reached $US160.2 million ($A152.9 million), 26.4% less...

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