Oil Search Limited Announces Revenue and Operating Results for the Second Quarter and Half Year Ended June 30, 2019; Revises Operating Guidance for the Full Year 2019
For the half year, the company reported total PNG LNG Project was 12.528 mmboe against 8.905 mmboe a year ago. Total oil production was 932,000 bbls against 906,000 bbls a year ago. SE Gobe gas to PNG LNG was 809 mmscf against 712 mmscf a year ago. Total oil, condensate and naphtha was 2.574 mmbbl against 2.138 mmbbl a year ago. Total LNG and gas was 58,942 mmscf against 41,318 mmscf a year ago. Total barrels of oil equivalent was 14,131,000 boe against 10,239,000 boe a year ago.
For the quarter, the company reported total operating revenue was USD 378.9 million against USD 262.8 million a year ago. Total barrels of oil equivalent sold was 6,741,000 boe against 4,647,000 boe a year ago.
For the half year, the company reported total operating revenue was USD 777.0 million against USD 557.8 million a year ago. Total barrels of oil equivalent sold was 13,394,000 boe against 9,766,000 boe a year ago.
The company revised operating guidance for the full year 2019. For the year, the company expected oil search operated (PNG oil and gas) in a range of 3.2 4.4 mmboe, total PNG LNG Project of 25 -26 mmboe, total production of 28 -31 mmboe compared to oil search operated (PNG oil and gas) in a range of 4.0 5.5 mmboe, total PNG LNG Project of 24 26 mmboe, total production of 28.0 31.5 mmboe for the same period expected previously.