Agogo Production Facility update: Oil Search Limited (ASX: OSH) stock edged up 0.45% on August 01, 2018 after the company resumed operations at Agogo Production Facility (APF) as OSH completed the repair work required to bring the facility back online post the PNG Highlands earthquake in February 2018. With the restart of the APF, all OSH operated facilities are now online. The company has commenced oil production at an initial rate of approximately 2,000 barrels of oil per day (gross) and a progressive ramp-up in production is expected through to early 2019.
Moreover, OSH production guidance 2018 remains unchanged, and expected to be at the upper end of the 23 – 26 million barrels of oil equivalent range. Meanwhile, OSH stock has risen 13.53% in three months as on July 31, 2018.
The Income available from dividends remains attractive for many investors.
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