BRIEF-Oil firm Det norske books $192 mln impairment in Q4 due low oil price

miércoles 17 de febrero de 2016 02:27 GYT
 

Feb 17 (Reuters) - Det Norske :

* Q4 revenues $255 million (Reuters poll $237 million) vs $346 million a year ago

* Q4 EBITDA $208 million (Reuters poll $172 million) vs $239 million a year ago

* Q4 net loss $156 million (Reuters poll -$26 million) vs loss of $287 million a year ago

* Takes non-cash impairment of $192 million (which is primarily related to impairment of technical goodwill that arose from the acquisition of Marathon Oil Norge

* The impairment is mainly caused by decreasing oil futures prices compared to the previous quarter

* Says exploration drilling program for 2016 will be focused around exploring upsides near existing discoveries

* Reiterates 2016 production guidance of 55,000 60,000 boepd

* Reiterates 2016 production cost per boe of $8 to $9 per boe   Continuación...