Total to cut costs, sell assets after lowering production forecast

LONDON (Bloomberg) -- Total SA, Europe’s second-biggest oil company, plans to cut costs and sell more assets after lowering forecasts for production growth. Total’s production may reach 2.3 MMboed in 2015, short of the 2.6 MMboed previous target, according to a statement. Output over the longer term was also revised downward to 2.8 MMbpd in 2017 from 3 MMbpd.


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Total to cut costs, sell assets after lowering production forecast Total to cut costs, sell assets after lowering production forecast Reviewed by Crude Oil Brokers on 13:29 Rating: 5

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