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Statoil ASA Updates on 2013 and Long Term Production Guidance


Wednesday, 30 Oct 2013 01:58am EDT 

Statoil ASA announced that the Company has an ambition to reach an equity production above 2.5 million barrels of oil equivalent per day in 2020. The growth is expected to come from new projects in the period from 2014 to 2016 resulting in a 2 to 3% Compound Annual Growth Rate (CAGR) for the period from 2012 to 2016. A second wave of projects is expected to come on stream from 2016 to 2020 resulting in an accelerated growth rate (CAGR) of 3 to 4%. The growth towards 2020 will not be linear and the equity production for 2013 is estimated to be lower than the 2012 level. 

Company Quote

18.35
0.34 +1.89%
19 Dec 2014