12 January 2005 - 16:25
  • News ID: 42413
BP Expects 10.0 Percent Annual Rise In Daily Oil Output

London - British oil giant BP said Wednesday that its average daily production for 2004 was expected to be around 3.995 million barrels of oil equivalent, an increase of more than 10 percent compared with a year earlier.

Production was expected to be around 4.090 million barrels of oil equivalent per day during the fourth quarter, up 4.0 percent from the same period in 2003, BP said in a trading update to the London Stock Exchange. BP added that fourth-quarter group costs were expected to be around 250 million dollars (191 million euros) more than during the third quarter in part due to higher exploration write-offs and Hurricane Ivan, which damaged oil operations in the Gulf of Mexico last September. BP was to publish its final full-year results on February 8. PIN//AFP
News ID 42413

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