In an operations update, the operator said it expects average production of 45,000 barrels of oil equivalent per day (boepd), reduced from even the lower end of expectations announced in September of 46,000 and 52,0000 boepd.

Chief executive Amjad Bseisu said: “”Group production has been challenging, largely driven by performance at Magnus and a recent unplanned shutdown at Kraken.”

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Photo Credit: Energy Voice.

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