Norsk Hydro ASA has reduced its oil and gas production target for 2007 by 3.3 percent, to 585,000 barrels of oil equivalents per day (boed) from 605,000 boed. The reduction is a consequence of revised production forecast for several non-Hydro-operated fields on the Norwegian Continental Shelf, including Kvitebjorn, Kristin and Volve.
The revised production target for 2007 is a result of delayed production and has no impact on Hydro's oil and gas reserves.
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