10-22-2013, 10:18 PM
Oil Search Ltd. Production rising and developments progressing: Morgan Stanley Oct 22,2013
The PNG LNG project
is on target to deliver first gas in
2H 2014. Capex is reaffirmed at US$19bn (gross) for the
project although we note a roll-off in capex as it nears
completion. OSH and partners continue to work on
proving up more gas resources for Train-3. Work at
P’nyang will continue through 2014 in preparation for a
development license application in 2015. Work is also
under way on assessing the extension of the Juha field.
Full report attached in PDF