Business
Oil Search (ASX:OSH) share price rises today after a week in the red // The Motley Fool Australia
The Oil Search Ltd (ASX: OSH) share price is trading at $3.96 at the time of writing, rising over 2% higher for the day after spending the past week losing ground.
Last week, Oil Search released its fourth quarter report for the period ended 31 December 2020.
Let’s take a look at how the Papua New Guinea-focused oil and gas explorer has been performing recently.
Record production and developments progressing
Oil Search reported a record annual PNG LNG production rate of 8.8 million tonnes per annum (MTPA) (gross).
The PNG LNG Project is a world-class liquefied natural gas development that commenced operations in 2014. Oil Search claims that the project has transformed the company into a regionally significant oil and gas…
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