high sales and revenue

Oil Search records 405% profit

This also surpasses the full year core profit by 21 per cent.

In its announcement of its 2017 Half Year, Oil Search said the results reflected higher sales revenue and lower costs.

The PNG company said sales revenue increased by 16 per cent to US$676.2 million (K2,028,194,361), underpinned by materially higher average realized oil/condensate and LNG/gas prices, which increased by 28% and 26%, respectively.