Oil Search flags cuts as it reviews its review

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.

Oil Search flags cuts as it reviews its review Oil Search flags cuts as it reviews its review Oil Search flags cuts as it reviews its review Oil Search flags cuts as it reviews its review Oil Search flags cuts as it reviews its 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

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