Oil Search reduces PNG output

People sit on a sculpture made of oil barrels as they wait for the train in Oil Institute subway station in Mexico City, Aug. 5, 2008. Mexico City's subway is one of the largest in the world and transported about 1.4 billion passengers in 2007, according to local subway authorities. (AP Photo/Denisse Pohls)

Lack of storage: Oil Search has been forced to reduce production due to a lack of storage capacity while it awaits a restart of the Kumul marine terminal

AP/Scanpix

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Josh Lewis

 03 August 2012 02:16 GMT

Oil Search has restrained production as the loading of oil at the Kumul marine terminal in Papua New Guinea remains suspended.

Oil Search said on Friday that the bad weather was continuing to delay it from carrying out inspections of the Kumul loading line.

The company said it expected the support vessel to now be on-site on or around 9 August and an inspection and any necessary repairs are expected to be carried out soon afterwards.

Due to the suspension of operations at the terminal, Oil Search said it had been forced to reduce production due to a lack of storage capacity.

It said current gross production was averaging about 5000 barrels of oil per…

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