BG Group sees oil production falling by 30,000 barrels a day on Egyptian instability and Norwegian delays
Multinational oil and gas company BG Group has announced that oil production is set to suffer in the wake of "on-going political and social instability" in Egypt and delays to production in Norway (release).
BG Group now sees a reduction of 30,000 barrels of oil equivalent per day in 2014.
Despite that, the company's guidance for the year has remained unchanged:
The Group's 775 000 – 825 000 boed 2015 production guidance remains unchanged, but this is subject to a recovery in natural gas prices in the USA and future events in Egypt.