OIL Search thought it had its bases covered when it stress-tested its cash flow analysis for lower oil prices last October, but the 40% plummet in oil prices in the December quarter has forced the company to re-examine its 2015 capital expenditure review.
Managing director Peter Botten said this morning Oil Search will cut its 2015 capital expenditure, a "significant proportion" of which are discretionary - though revenue from its PNG LNG project
From early beginnings in 1929, Oil Search has grown to become PNG's largest oil and gas company
Funding oil, gas harder since COP26
Ex-Oil Search CFO joins copper-gold miner
Oil Search upbeat on PNG progress
Oil Search reels in expenditure
