Eni 3Q Adj. Net Loss Deeper vs Ests.; Sees 2016 Output Flat Y/y
Source: BFW (Bloomberg First Word)
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ENI IM (Eni SpA)
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UUID: 7947283
(Bloomberg) -- 3Q adj. net loss EU484m vs est. for loss EU72.7m; adj. operating income EU258m vs est. EU278.6m.
Alert: HALISTER- 3Q total production 1.71mboe/d vs est. 172mboe/d
- Sees 2016 production broadly in line with 2015
- Sees ~20% spending cut for FY 2016
- Says production plateau at Goliat field in Barents Sea stabilized
- Kashagan field currently producing 100kboe/d; initial plateau to be at 180kboe/d with output from field rising to 370kboe/d by end-2017
- Has restarted Val D’Agri production
- Call, webcast 10:30am U.K.; link here
- NOTE: See Eni 3Q preview here
Source: BFW (Bloomberg First Word)
Tickers
ENI IM (Eni SpA)
To de-activate this alert, click here
UUID: 7947283