To reach this target, Norwegian firm will have to increase its international production by 40 percent by 2008, including 10 percent along the Norwegian Continental Shelf.
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Statoil Hitches Its Waggon To A Star
Statoil announced ambitious new production targets Thursday
Statoil announced ambitious new production targets Thursday and confronted investor concerns about project cost overruns and delays.
The company raised its production target for 2007 by an additional 50,000 barrels to 1.4 billion a day, 8 percent growth annually.
To reach this target, Norwegian firm will have to increase its international production by 40 percent by 2008, including 10 percent along the Norwegian Continental Shelf.
To reach this target, Norwegian firm will have to increase its international production by 40 percent by 2008, including 10 percent along the Norwegian Continental Shelf.
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