Statoil sale puts output goal 'at risk'

Prioritising value over volume: Statoil chief executive Helge Lund

Statoil may have raked in $1.45 billion through the sale of a stake in the Shah Deniz 2 project off Azerbaijan but analysts warn it will come at the expense of lower production, with one suggesting a key output goal is now at risk.

User

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login