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Oil Search Limited

OSH.AX

Latest Trade

7.36AUD

Change

-0.04(-0.54%)

Volume

82,920

Today's Range

7.35

 - 

7.37

52 Week Range

6.30

 - 

8.46

As of on the Australian Stock Exchange Ltd ∙ Minimum 15 minute delay

Latest Developments

Oil Search Revises FY Production Guidance To 27 MMBOE - 29 MMBOE

Oct 22 (Reuters) - Oil Search Ltd <OSH.AX>::QTRLY TOTAL SALES 6.47 MMBOE VERSUS 6.74 MMBOE IN PRIOR QUARTER .PRODUCTION GUIDANCE FOR 2019 FULL YEAR HAS BEEN REVISED TO 27 - 29 MMBOE, FROM 28 - 31 MMBOE PREVIOUSLY.SEPT QUARTER TOTAL PRODUCTION 6.81 MMBOE VERSUS 6.88 MMBOE IN JUNE QUARTER.QTRLY TOTAL REVENUE $361.1 MILLION DOWN 5% Q/Q.GUIDANCE REVISED DUE TO OFFSHORE LIQUIDS LOADING FACILITY ISSUE, WHICH NEGATIVELY IMPACTED PRODUCTION DURING Q3.2019 UNIT PRODUCTION COSTS ARE NOW EXPECTED TO BE BETWEEN US$12 AND 13/BOE.2019 CAPITAL COST GUIDANCE HAS BEEN REDUCED.2019 UNIT PRODUCTION COSTS ARE NOW EXPECTED TO BE BETWEEN US$12 AND 13/BOE.

Oil Search Says Keiran Wulff To Succeed Peter Botten As Managing Director

Oct 1 (Reuters) - Oil Search Ltd <OSH.AX>::MANAGING DIRECTOR, PETER BOTTEN, WILL RETIRE FROM OIL SEARCH.BOTTEN WILL BE SUCCEEDED AS MANAGING DIRECTOR BY KEIRAN WULFF.BRUCE DINGEMAN WILL TAKE OVER WULFF'S ROLE AS PRESIDENT ALASKA.

Oil Search Aims To Sell Down About 15% Stake In Alaska Holdings By Mid-2020

Sept 24 (Reuters) - Oil Search Ltd <OSH.AX>::WHEN ONSTREAM, PNG LNG, LNG EXPANSION AND ALASKA WILL GENERATE FREE CASH FLOW OF US$2-3 BILLION PER ANNUM.INCREASES PLANNED ALASKA OIL PRODUCTION CAPACITY TO 135KBD FROM 120KBD.AIMS TO SELL DOWN ABOUT 15% STAKE IN ALASKA HOLDINGS BY MID-2020.

Oil Search Sees FY 2019 Production Being Progressively Restored

Sept 9 (Reuters) - Oil Search Ltd <OSH.AX>::FOR PIKKA UNIT, TARGETS EARLY PRODUCTION IN 2022 & FULL FIELD PRODUCTION COMMENCING 2024.WHEN ONSTREAM, SEES PNG LNG, LNG EXPANSION & ALASKA TO GENERATE FREE CASH FLOW OF US$2–US$3 BILLION P.A..PARTIAL ALASKAN SELL-DOWN PLANNED FOR 1H20 AHEAD OF FID.2019 PRODUCTION TO BE IMPACTED BY RESIDUAL IMPACTS OF 2018 EARTHQUAKE & MOORING SYSTEM DAMAGE.IMPACT TO 2019 PRODUCTION WILL BE OFFSET BY PNG LNG PERFORMANCE AND RECOVERY IN OPERATED PRODUCTION.ON DAMAGE TO MOORING SYSTEM, SAYS REVISED MOORING PROCEDURE IMPLEMENTED TO ENABLE CONTINUED OFFTAKE, WITH SOME OPERATIONAL RESTRICTIONS.SEES FY 2019 PRODUCTION BEING PROGRESSIVELY RESTORED (PRIORITY BEING GIVEN TO PNG LNG LIQUIDS) AS ULLAGE BECOMES AVAILABLE.OIL FIELD OPTIMISATION IN H1 INCLUDED POSITIVE WORKOVERS AT M4 & M9 (MORAN), DRILLING OF MORAN 15ST2, SEES POSITIVE IMPACT TO FY PRODUCTION.

Oil Search Expects Ministerial Statement On Papua LNG Gas Deal Review To Be Released on Sept 3

Sept 3 (Reuters) - Oil Search Ltd <OSH.AX>::ANTICIPATED THAT A FORMAL MINISTERIAL STATEMENT ON REVIEW WILL BE RELEASED LATER TODAY.UNDERSTANDS THAT PNG CABINET (NATIONAL EXECUTIVE COUNCIL) MET YESTERDAY TO CONCLUDE REVIEW OF PAPUA LNG GAS AGREEMENT.UNDERSTANDS THAT PNG CABINET MET ON SEPT 2 TO CONCLUDE REVIEW OF PAPUA LNG GAS AGREEMENT.

Oil Search Says Liquids Offshore Loading Facilities In Gulf Of Papua Appears Damaged

Aug 28 (Reuters) - Oil Search Ltd <OSH.AX>::OIL SEARCH-OPERATED LIQUIDS OFFSHORE LOADING FACILITIES IN GULF OF PAPUA APPEARS TO BE DAMAGED.OIL SEARCH HAS NOT BEEN ABLE TO COMPLETE NECESSARY INSPECTIONS TO FULLY ASSESS ISSUE.HAS DEVELOPED A TEMPORARY SOLUTION FOR SAFE BERTHING AND LOADING OF VESSELS AT FACILITIES.CO CURTAILED PRODUCTION FROM OIL SEARCH-OPERATED OIL FIELDS AND PNG LNG OPERATOR PARTIALLY REDUCED PNG LNG PRODUCTION.TEMPORARY SOLUTION ENABLED LIQUIDS LOADING TO RESUME AT A REDUCED RATE FROM 25 AUGUST.COMPREHENSIVE REVIEW OF OPTIMISING LOADING PROCEDURES, EVALUATION AND REPAIR OPTIONS IS NOW TAKING PLACE.PRESENTLY UNCLEAR WHETHER IT WILL BE NECESSARY TO ADJUST OUR 2019 PRODUCTION GUIDANCE, AS RESULT OF THESE LOADING ISSUES.MOORING SYSTEM AT LIQUIDS OFFSHORE LOADING FACILITIES IN GULF OF PAPUA APPEARS TO BE DAMAGED.AS A PRECAUTIONARY MEASURE, CO TEMPORARILY SUSPENDED SCHEDULED LIQUIDS LOADING LAST WEEK DUE TO LOADING ISSUES IN GULF OF PAPUA.

Oil Search Says HY Net Profit After Tax $161.9 Mln

Aug 20 (Reuters) - Oil Search Ltd <OSH.AX>::HY NET PROFIT AFTER TAX $161.9 MLN VS $79.2 MLN .ANNOUNCES INTERIM DIVIDEND OF 5 US CENTS PER SHARE .HY OPERATING CASH FLOW $418.5 MLN VS $243.5 MLN .DISCUSSIONS BETWEEN PNG GOVERNMENT AND TOTAL CONTINUE AND JV IS SEEKING RESOLUTION BY AUG-END.PAPUA LNG PROJECT JV SAYS LEGALLY BINDING AGREEMENT IS FAIR AND BALANCED.

PNG Petroleum Minister Updates On Papua LNG Deal

Aug 15 (Reuters) - Papua New Guinea Petroleum Minister::* SAYS TALKS WITH TOTAL ON PAPUA LNG PROJECT "COULD WORK OUT WELL OR EVEN DISASTROUSLY".* SAYS SUCCESSFUL TALKS COULD LEAD TO EARLY PROGRESS OF PROJECT, BUT FAILURE "COULD HAVE VERY SERIOUS RAMIFICATIONS".* SAYS EXPECTS PAPUA LNG NEGOTIATING TEAM TO REPORT BACK NEXT WEEK TO GOVERNMENT.

Oil Search Notes PNG Petroleum Minister's Statement on Papua LNG Gas Deal

Aug 15 (Reuters) - Oil Search Ltd <OSH.AX>::NOTES RELEASE BY MINISTER FOR PETROLEUM OVER MEETINGS BETWEEN STATE AND TOTAL CONCERNING PAPUA LNG GAS AGREEMENT.LOOKING FORWARD TO FURTHER CLARITY ON PNG'S POSITION REGARDING AGREEMENT AND WAYS FORWARD FOR PROJECT.PNG PETROLEUM MINISTRY SAYS STATE TEAM HEADING OUT TO SINGAPORE TO RENEGOTIATE TERMS OF GAS DEAL WITH TOTAL.

Oil Search Notes Statement By PNG Minister For Petroleum

Aug 5 (Reuters) - Oil Search Ltd <OSH.AX>::OIL SEARCH NOTES STATEMENT BY PNG MINISTER FOR PETROLEUM AGREEING TO STAND BEHIND PAPUA LNG GAS AGREEMENT.PAPUA LNG JV ALSO WORKING COLLABORATIVELY WITH PNG GOVERNMENT ON FINALISING NATIONAL CONTENT PLAN FOR PAPUA LNG.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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