Oil Search Ltd. (OSH.AU) said Thursday it expects oil and gas output in 2012 to mirror the range of 6.2 million barrels to 6.7 million barrels of oil equivalent forecast for this year, as it moves toward finalizing an annual work program.

Oil Search added that production through to the start up of the ExxonMobil Corp. (XOM)-led US$15 billion PNG LNG project in Papua New Guinea in 2014 would be broadly flat.

The company added it expects to invest as much as US$2 billion in 2012, up from a possible US$1.74 billion this year.

-By David Winning, Dow Jones Newswires; +61-2-82724688; david.winning@dowjones.com

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