Wednesday, August 21, 2019

Gazprom Neft Cuts Output Forecast Iraq Oilield

November 8, 2018

Russian oil producer Gazprom Neft (SIBN.ME) has made a further cut to its forecast for the level at which output will plateau at the Badra oilfield in Iraq, the company said on its website on Thursday.

The post cited comments made by Deputy Chief Executive Vadim Yakovlev in an interview with media outlet Energy Intelligence, saying average production will plateau at 80,000 bpd this year.

The plateau for the next few years was previously expected to be 85,000 bpd.

(Reporting by Vladimir Soldatkin Editing by David Goodman)

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