Edition:
United States

Oil Search Q3 Revenue Up About 39 Pct Over Prev Qtr


Monday, 22 Oct 2018 06:30pm EDT 

Oct 23 (Reuters) - Oil Search Ltd ::QTRLY TOTAL REVENUE US$474.9 MILLION VERSUS US$262.8 MILLION IN PREVIOUS QUARTER (ADDS PERIOD TO COMPARISON).QTRLY TOTAL SALES 7.44 MMBOE VERSUS 4.65 MMBOE IN PREVIOUS QUARTER.LOWER END OF 2018 FULL YEAR PRODUCTION GUIDANCE RANGE HAS BEEN INCREASED, WITH PRODUCTION NOW EXPECTED TO BE BETWEEN 25 AND 26 MMBOE.2018 UNIT PRODUCTION COST GUIDANCE RANGE HAS BEEN NARROWED, TO US$11.50 - 12.50 PER BOE.2018 UPPER END OF CAPITAL COST GUIDANCE RANGE HAS BEEN REDUCED, DUE TO RE-PHASING OF ACTIVITIES.TOTAL PRODUCTION IN Q3 OF 2018 WAS 7.5 MILLION BARRELS OF OIL EQUIVALENT (MMBOE), 39% HIGHER THAN IN Q2.