Oil Search to Hike Capex for LNG,Alaska Projects

摘要

Oil Search could increase its capital expenditure by as much as 55% this year,as it pursues growth projects in Papua New Guinea(PNG)and Alaska that aim to more than double production.The firm in 2018 spent $420 million in 2018 but capex will rise to between $545 million and $655 million this year,as the Australia-listed independent pushes ahead with an oil project in Alaska and LNG expansion in PNG.