UPDATE 2-Oil Search cuts costs to position for growth from 2025 – Reuters

UPDATE 2-Oil Search cuts costs to position for growth from 2025 – Reuters

* Half-yearly core profit plunge of 85%, worse than expected

* Targets the breakeven cost of the project in Alaska to well below $ 40 / bbl

* New LNG request window opened in 2027 (redesign with comments from the CEO)

By Sonali Paul and Pranav AK

MELBOURNE / BENGALURU, Aug. 25 (Reuters) – Oil Search Ltd aims to start producing oil in Alaska in 2025 and expand Papua New Guinea (PNG) gas…

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