Oil Search Ltd. (OSH.AU) on Tuesday reported a 13% rise in third quarter revenue as higher energy prices offset lower production and said its US$15 billion Papua New Guinea gas export joint venture with Exxon Mobil Corp. (XOM) is on track to ship its first cargo in 2014.

Revenue for the three months to Sept.30 of US$160.2 million compared to US$142.2 million in the previous corresponding period but was lower than US$217.8 million reported in this year's second quarter.

Oil and gas production fell 19% on-year to 1.49 million barrels of oil equivalent from 1.85 million BOE.

The Australian company said output for the full year is expected to come in at the top end of its previous guidance of 6.2 million-6.7 million BOE.

-By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692; Ross.Kelly@dowjones.com

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