Oil Search signs natural gas deal - The Age

By
Viraj
on April 21, 2009 6:13 PM | | TrackBacks (0)
OIL Search and its major partner ExxonMobil have signed an agreement to supply 2 million tonnes of liquefied natural gas a year from its Papua New Guinean project to an Asian buyer.

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This is good news for Oil Search whose total oil and gas production dropped almost 12per cent from 2.15 million barrels of oil equivalent in the December quarter to 1.9 million in the March quarter. The bulk of that, 1.63 million barrels, came from oil production. The steep fall in the oil price affected revenue for the March quarter, which reached $US71.4 million ($A102 million), from $US137.9 million in the previous quarter.

Full Story: Oil Search signs natural gas deal - The Age

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This page contains a single entry by Viraj published on April 21, 2009 6:13 PM.

ONGC to Spend $1.3 Billion to Maintain Output at Aging Fields - Bloomberg was the previous entry in this blog.

Oil and gas company Husky says it plans to spin off southeast Asia ... - The Canadian Press is the next entry in this blog.

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