May 18, 2020 / 6:22 AM / in 13 days

Lundin Energy cuts 2020 oil output goal, raises long-term target

OSLO, May 18 (Reuters) - Lundin Energy has cut its 2020 oil output target following Norway’s decision to reduce production along with OPEC+ producers, the Swedish company said on Monday.

Lundin now targets daily volumes of 157,000 barrels per day this year, down from a previous 160,000-170,000, it said.

From 2021, the output goal has been raised to 170,000-180,000 barrels per day from a previous 160,000-170,000 as a result of increase capacity at Norway’s Johan Sverdrup oilfield. (Reporting by Terje Solsvik, editing by Louise Heavens)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below