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Oil Search Provides MD's Address Presentation to AGM

10 May 2019  |  10:51:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: 2019 Annual Meeting Managing Director's Presentation

Oil Search provided MD's address presentation to AGM. During 2018/19, three new mid-term contracts signed with PetroChina, BP and Unipec, taking total PNG LNG contracted volumes to 7.9 MTPA, 90% of total production. Muruk 2 confirmed gas in pressure communication with Muruk 1, located 12 kms away, indicating reservoir continuity. Alaska acquisition completed Feb 2018; highly experienced team recruited with extensive operating capability. At current oil prices, key financial metrics forecast remain comfortably within corporate facility lender covenants.

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