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New LNG export trains to lift Oil Search output
Feb 20, 2018 (The Australian - ABIX via COMTEX) -- Copyright 2018 Roy Morgan Research. All Rights Reserved.

Oil Search has posted a 2017 net profit of $US302.1m, which is 236 per cent higher than previously. MD Peter Botten says the company's output could potentially double in the next 5-7 years, after Oil Search reached agreement with ExxonMobil and Total to increase their LNG output in Papua New Guinea by building three additional production trains. The new trains would feed gas from the Elk/Antelope gas field and the PNG LNG project into the existing PNG LNG plant. The expansion is subject to formal approval by the projects' partners and the PNG government..

Publication Date: 21 February 2018


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