20 April 2024
Elgin leak to impact Total's Q2 production; Q1 profits down
Publication date: 30 April 2012
Gas Strategies Group
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Total expects Qvisual_editor visual_editor01visual_editor gas production to be negatively impacted by the Elgin gas leak earlier this year, despite plans to increase annual gas production by visual_editor.5%, according to a company statement on Friday. Total’s Q1 ‘1visual_editor results showed that total hydrocarbon production for the quarter hit visual_editor.37visual_editor million boe/d – stable compared to the visual_editor.371 million boe/d recorded in Q1 visual_editor011. Net income meanwhile fell by 1% year on year during the first quarter to €3.07 billion ($4.03 billion).