Thursday, May 2, 2013

Statoil's Output Falls; Profit Drops By More Than Half

Platts is reporting:
Q1 output falls 9% to 1.998 mil boe/d, driving down net profit by more than half.
Statoil warned again that growth towards 2020 would not be linear and that equity production for 2013 was estimated to be lower than in 2012.

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