The company posted on Thursday a net income of Nkr4.3 billion ($725.7 million), a significant reduction from Nkr26.6 billion in the second quarter of 2012.
Net operating income also fell by nearly half from Nkr62 billion to Nkr34.3 billion for the three-month period.
“Measured in (Norwegian kroner), the 7% lower average liquids price and the 11% lower average invoiced gas price negatively affected net operating income in the second quarter,” Statoil said in a statement.
“Gain
