The London-listed player saw its share price drop almost 12% to trade at around £1.16, having earlier cut its full-year production guidance to between 5500 and 6500 barrels of oil equivalent per day from an average figure at the lower end of the 7000-to-9000 boepd range given in August.

The Statoil-operated Njord and Hyme fields in the Norwegian Sea, where operations have been halted by maintenance work at the Njord A host facility, were expected to restart production by the end of this year.

However,