Oil Search announces US$ 200 million in profit

Oil Search Limited has declared after-tax net profit of more than 200 million US Dollars or K646 million for the first half of this year.
It says this is 49 per cent higher than in the first half of 2014.
Oil Search says it is the highest half-year profit in the company's history, despite weaker oil and gas prices.
This year's half year profit of US$227.5m or K646m including its increased total revenue of US$863.8m have been driven by higher LNG and gas revenue.
Oil Search says these gains or increase also reflects a full period of production and sales from the PNG LNG Project.
Meanwhile, the Board of Directors of Oil Search has announced to distribute the dividend between 35 per cent and 50 per cent of core profit.
The current dividend payment is September 8, 2015 with the actual payment date set to September 29 this year.
There's been 119 shipments of LNG cargo so far.