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Lundin Petroleum provides figures for the second quarter of 2018.
The oil company reported an after-tax loss of $ 36.0 million, compared to $ 145.6 million the year before.
Profit before tax rises to $ 364.5 million, compared with $ 228.5 million last year
Operating profit is up $ 386.6 million compared to $ 154.0 million for the same quarter last year.
Ebitda completed $ 507.7 million $ 495 million and $ 333.5 million the previous year
Revenues amounted to $ 677.1 million, compared with $ 674 million and $ 464.6 million in the second quarter of 2017.
During the quarter, it amounted to $ 505.8 million, compared with $ 340.0 million for the same period last year. last year
which reached an average price of $ 74.04 per barrel, compared to $ 48.43 the previous year. this phase 1 by Johan Sverdrup is proceeding as planned and 75 The percentage of the project has been completed. According to the report, the first oil will arrive at the end of 2019.
Lundin writes that Johan Sverdrup's oil prices are estimated at less than $ 20
Outlook
The company now sees production from 2018 in the range 78,000 to 82,000 barrels per day, compared with 74,000 to 82,000 barrels per day
In addition, the operating cost guide (OPEX) for the entire year is lowered at less than $ 4 per barrel of $ 4.15 per barrel.
In the second quarter, the corresponding size was $ 3.30 per barrel, due to higher production volumes and a recovery in accounting accumulation related to the discontinuation of Brynhild's production. .
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