OIL Search has recorded a 29% fall in revenue in the third quarter due to the lags on LNG contract pricing as it settles into the long haul of dealing with the fallout of the COVID-19 pandemic and its knock-on effects on its business.
Quarterly revenue came to US$189 million, falling 29% compared to last quarter, and a 47.6% fall compared to the same quarter last year where it earned US$361.1 million.
From early beginnings in 1929, Oil Search has grown to become PNG's largest oil and gas company
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