BP's new production forecast for 2009 stands at "more than 4 million barrels of oil equivalent per day", based on an oil price of $60 per barrel, down 18% on the 4.9 million boepd at $40 per barrel that the supermajor was predicting last year.
Tony Hayward, who will replace Browne this summer, said the new conservative production guidance does not assume significant near-term improvement in operational performance for a variety of reasons.
These
