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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