Oil Search Ltd. (OSH.AU) Tuesday reported a 60% fall in revenue for the first half of 2009 on sharply lower oil prices.

Operating revenue for the six months to June 30 was US$187.9 million, down from US$466.8 million in the first half of the previous year.

But 2009 second quarter revenue rose to US$116.6 million in the three months to June 30, up from US$71.4 million in the 2009 first quarter.

First half production fell 12% to 3.81 million barrels of oil equivalent, down from 4.33 million BOE.

Oil Search stuck to its guidance of producing 8.0 million-8.3 million barrels of oil equivalent in 2009.

By Ross Kelly, Dow Jones Newswires; 61-2-8235-2957; ross.kelly@dowjones.com
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