Papua LNG clouds Oil Search results

OIL Search has reported a 2019 first half net profit after tax of $161.9 million which was more than double the 2018 first half NPAT of $79.2 million, which was impacted by the February 2018 Highlands earthquake.

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Oil Search share price impacted by PNG's political uncertainty

The result reflected a 37% increase in sales volumes and an 8% increase in the realised LNG and gas price, partially offset by a 9% fall in the realised oil and condensate price.

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