Gaz de France Norge is part of the newly established GDF SUEZ group – a world leader in energy. We are on the lookout for talented individuals to help us grow as a major player on the Norwegian continental shelf.
We are looking for an experienced Health and Safety professional with Leadership presence, who has the ability to drive a ‘step change’ in Safety performance and who has demonstrated success in a similar capacity to fill the role of Manager Health and Safety
Gaz de France Norge is part of the newly established GDF SUEZ group – a world leader in energy. We are on the lookout for talented individuals to help us grow as a major player on the Norwegian continental shelf.
Gaz de France Norge is part of the newly established GDF SUEZ group – a world leader in energy. We are on the lookout for talented individuals to help us grow as a major player on the Norwegian continental shelf.
Start-up delays at the Volve development, off Norway, have forced Swedish explorer PA Resources to slash its output forecasts for this year and next year.
The move comes after PA booked third quarter profits which came in below expectations on the back of slightly weaker quarterly production.
PA said it expects to pump an average of 16,000 barrels of oil per day by the the end of this year, down from the 23,000 bpd given earlier. Next year, the Swedish company said it expected output to average 22,000 bpd, down from its earlier forecast of 25,000 bpd.
Volve was due to come on stream during the third quarter of this year, but operator StatoilHydro has pushed back first production to the end of the fourth quarter.
However, PA added that its long-term targets remain unchanged, with production levels expected to hit about 50,000 bpd in 2011.
"This forecast does not include the new discovery in Equatorial Guinea," it said.
"The increase in production is expected to come from Norway during 2007 and from Tunisia and Norway during 2008."
The revised guidance came as PA posted third-quarter results below consensus expectations.
For the quarter, PA posted operating profits of Skr433.2 million ($68.3 million), up on last year's Skr197.1 million, but below the Skr517 million consensus forecast, a Thomson Financial report said.
Sales came in at Skr761.8 million, up from Skr338.5 million the previous year and ahead of the Skr738 million forecast.
Average production during the third quarter came to 17,250 bpd, up from 8,555 at the same point last year, but marginally below expectations.