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Statoil's maintenance to cut output by 45,000 boepd in 2015

Published February 6, 2015 Updated February 6, 2015 06:42am

1 min

By Parvez Jabri

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OSLO: Norwegian energy firm Statoil said scheduled maintenance will cut output at its operations by 45,000 barrels of oil equivalents per day (boepd) in 2015.

For the first quarter the impact of the maintenance is expected to be 10,000 boepd, Statoil said in a statement.

Statoil reported fourth-quarter earnings below expectation on Friday due to a string of one off charges but maintained its dividend, even as the more than 50 percent fall in oil prices is draining its cash..

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