BP production drops as Abu Dhabi concession expires | The National:
"The oil and gas producer BP has reported a 6 per cent drop in production in the second quarter following the end of its Abu Dhabi concession in January.
The company produced 2.1 million barrels of oil equivalent a day in the period and said that production in the third quarter was “expected to be lower due primarily to turnaround and seasonal maintenance activities”.
BP said that underlying replacement cost profit, which takes into account non-operating items and accounting changes, rose 34 per cent in the period to US$3.6 billion, from $2.7bn in the year-earlier quarter. That beat the $3.4bn average estimate of 13 analysts in a Bloomberg News survey."
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