Companies & Finance

Total raises output estimates because of African startups

Total has increased its estimate for annual production growth for the second time this year.
By Staff reporter 27 July 2018 0 31922

Total has increased its estimate for annual production growth for the second time this year, taking it from 6% to 7% based on a recovering oil market and the startup of African assets.

The National has reported the company produced a record 2.7 million barrels of oil equivalent per day over Q2 2018.

Total’s African assets include the ultra deepwater Kaombo project in Angola and the Egina project in Nigeria, which are expected to drive growth later this year.