StatoilHydro Provides Pro Forma Financial Update
|Monday, November 12, 2007
StatoilHydro's total oil and gas production in 2007 is estimated to average around 1,735,000 barrels of oil equivalent (boe) per day, given an oil price of US $60/bbl and a gas off-take in line with a typical seasonal variation in the last quarter of 2007.
The investment level (CAPEX) in 2007 is estimated to be around NOK 65 billion, excluding acquisition costs related to North American Oil Sands Corporation, assets acquired from Anadarko in the Gulf of Mexico and interests in the Mariner and Bressay fields on the UK continental shelf.
Exploration expenditure in 2007 is expected to be around NOK 15-16 billion, and a total of 65-70 exploration wells are expected to be completed in 2007.
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