(Bloomberg) -- Tullow Oil Plc, an explorer on three
continents, cut its full-year production forecast because of
drilling delays and lower gas prices in the U.K.
Tullow expects output for 2007 to average between 72,000
and 75,000 barrels of oil equivalent a day, it said in a
statement distributed by the Regulatory News Service today. The
company said in March that average daily production this year
would exceed 80,000 barrels a day and that daily output may
reach 85,000 barrels by the end of the year.
Read more at Bloomberg Energy News
continents, cut its full-year production forecast because of
drilling delays and lower gas prices in the U.K.
Tullow expects output for 2007 to average between 72,000
and 75,000 barrels of oil equivalent a day, it said in a
statement distributed by the Regulatory News Service today. The
company said in March that average daily production this year
would exceed 80,000 barrels a day and that daily output may
reach 85,000 barrels by the end of the year.
Read more at Bloomberg Energy News
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