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BRIEF-Statoil affirms 2010 targets after Q1
May 5, 2010 / 5:39 AM / 7 years ago

BRIEF-Statoil affirms 2010 targets after Q1

OSLO, May 5 (Reuters) - Statoil ASA (STL.OL) said:

* Affirms 2010 oil and gas production guidance of 1.925-1.975 mln boed

* Affirms 2012 oil and gas production guidance of 2.1-2.2 mln boed

* Planned turnarounds to limit output by 30 mln boed in Q2, by avg of 50 mboed in 2010

* Affirms 2010 capital expenditure target of $13 bln

* 2010 unit production cost goal of NOK 35-36 per barrel of oil equivalent

* Gas market to stay challenging in near term, sees volatile commodity prices

* Refining margins have improved slightly, but to remain at low levels in near term

* Affirms 2010 exploration budget of $2.3 bln, plans to drill some 50 wells

Reporting by Oslo newsroom

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