Lundin Petroleum Q4 Core Profit Lags Forecasts

Reuters

STOCKHOLM, Feb 5 (Reuters) – Swedish oil firm Lundin Petroleum reported fourth quarter core earnings slightly below expectations on Wednesday and repeated its production forecasts for 2014.

Lundin, which has a large stake in the giant Johan Sverdrup find in the Norwegian North Sea, said earnings before interest, tax, depreciation and amortisation (EBITDA) fell to $219 million versus a mean forecast in a Reuters poll of $223 million and $290 million in the year-ago period.

The company repeated its 2014 production guidance of 30,000 to 35,000 barrels per day (boepd), in line with 2013 production of 32,700 boepd, which it expects to rise above 50,000 boepd in 2015.

Link to report: http://r.reuters.com/xef66v

(Reporting by Sven Nordenstam)

Copyright 2017 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Load Planner/ Dispatcher Frac Sand
Expertise: Dispatcher|Project Management
Location: Mansfield, TX
 
Project Engineer
Expertise: Electrical Engineering|Instrument & Controls Engineer|Project Management
Location: Deer Park, TX
 
Regional Sales Executive
Expertise: Business Development|Sales
Location: Jacksonville, FL
 
search for more jobs

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours