UPDATE 1-Australia's Oil Search cuts 2018 production forecast after PNG quake; Q1 revenue falls

From Reuters - April 16, 2018

* Lowers full-year production guidance to 23-26 mmboe

* Q1 revenue down 14 percent (Adds details from earnings statement)

April 17 (Reuters) - Australias Oil Search cut its full-year production forecast and said first-quarter revenue fell 14 percent as output from its key Papua New Guinea liquefied natural gas (PNG LNG) project fell after a major quake in the region in February.

In a statement on Tuesday, the company cut its full-year production guidance to 23-26 million barrels of oil equivalent (mmboe) from an earlier estimate of 28.5-30.5 mmboe.


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