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Oil Search suffers quarterly revenue slump

2015-04-21 05:08:30| Oil & Gas - Topix.net

But the oil and gas producer remains on track to meet its full year production forecasts as it cuts costs to keep its balance sheet in a sound position. Oil Search, which has a 30 per cent stake in the PNG LNG project in Papua New Guinea, said revenue fell 16 per cent to $US472.3 million in the March quarter compared to $US562.1 million in the previous quarter.

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