IN BRIEF: Kistos says oil output down, focuses on Norway expansion
10th Jan 2025 11:53
Kistos Holdings PLC - London-based buyer and manager of companies in energy sector - On Wednesday, reports that the proforma average production rate fell 8.5% to 8,050 barrels of oil equivalent per day in 2024, in line with guidance, from 8,800 boepd in 2023. For 2025, Kistos eyes a production of 8,000 to 9,000 boepd. Year-end 2P reserves estimate contracts by 12% to 24.6 million barrels of oil equivalent, from 27.9 mmboe a year prior. Read More