23 apr: Europæiske aktier: Negative indeks overalt
24 apr: OPTAKT/Nordea Q1 24/4: Stort set uændret drift i første kvartal
24-04-2012 03:07:00

Oil Search Assessing Bids For PNG Assets

Relateret indhold

SYDNEY -(Dow Jones)- Oil Search Ltd. (OSH.AU) said Tuesday it's assessing bids received from parties wanting to invest in its untested Gulf of Papua assets in Papua New Guinea, as it reported a 22% rise in first-quarter revenue.

"Discussions with potential partners were ongoing during the quarter and a number of bids to farm-in to these licences were received late in the reporting period," Oil Search said in a statement.

The company is reviewing the offers and said a sell-down of its interests in the assets is likely around mid-year.

Revenue for the three months to March 31 rose to US$187.2 million from US$153.3 million a year earlier, as higher oil prices offset a fall in production to 1.46 million barrels of oil equivalent from 1.79 million BOE.

Oil Search said output was impacted by a previously foreshadowed 16-day facilities shutdown related to work on the US$15.7 million PNG LNG project.

ExxonMobil Corp.(XOM) operates the large gas-export joint venture with Oil Search and Santos Ltd. (STO.AU) that's aiming to produce its first liquefied natural gas in 2014.

Oil Search confirmed its recent large P'nyang discovery provides a potential "key underpinning volume" for a possible expansion of the project.

-By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692; Ross.Kelly@dowjones.com

(END) Dow Jones Newswires

April 23, 2012 21:07 ET (01:07 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

#

EuroInvestor: I fokus
#

#

EuroInvestor: I fokus
#

#

EuroInvestor: I fokus
#

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge

Relaterede aktiekurser

Santos FPO 4,52 0,7% Stigning i aktiekurs
Exxon Mobil Corp 90,01 0,2% Stigning i aktiekurs
OIL Search FPO 10T 6,83 1,8% Stigning i aktiekurs

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2016  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
29. maj 2016 03:58:04
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20160526.3 - EUROWEB4 - 2016-05-29 03:58:04 - 2016-05-29 03:58:04 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x