The Anglo-Dutch supermajor is targeting combined production from the liquids-rich Permian and Fox Creek assets to total 140,000 barrels per day by 2020, chief financial officer Simon Henry told investors.
The average breakeven price for those barrels is around $40 per barrel, he added.
With assets at both Fox Creek and Groundbirch in the Duvernay shale formation of west-central Alberta, the company sees potential for growth in both areas with a greater focus on investing and developing Fox Creek, Henry said.
Although
