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Statoil ASA Reaffirms FY 2012 Production Guidance; Comments on Q4 2012 And FY 2013 Production Guidance


Friday, 26 Oct 2012 07:30am EDT 

Statoil ASA announced that for the fourth quarter of 2012, it expect production to be around the level of fourth quarter of 2011. The Company also announced that it is on track for its fiscal 2012 production outlook. Further the Company announced that its sees fiscal 2013 production lower than fiscal 2012 production. First, the Wintershall transaction will reduce production in fiscal 2013. The divested fields produced around 40,000 barrels per day in fiscal 2012 and a similar level is expected in fiscal 2013. 

Company Quote

29.48
-1.01 -3.31%
2:37pm EDT