Original article by Matt Chambers
The Australian – Page: 20 : 21-Feb-18
Oil Search has posted a 2017 net profit of $US302.1m, which is 236 per cent higher than previously. MD Peter Botten says the company’s output could potentially double in the next 5-7 years, after Oil Search reached agreement with ExxonMobil and Total to increase their LNG output in Papua New Guinea by building three additional production trains. The new trains would feed gas from the Elk/Antelope gas field and the PNG LNG project into the existing PNG LNG plant. The expansion is subject to formal approval by the projects’ partners and the PNG government.
OIL SEARCH LIMITED – ASX OSH, EXXONMOBIL CORPORATION, TOTAL SA, WOODSIDE PETROLEUM LIMITED – ASX WPL