SOCO: trading and operations highlights
Published by Louise Mulhall,
Editorial Assistant
Oilfield Technology,
Trading and operations highlight SOCO, an international oil and gas exploration and production company, announces a trading and operations update to summarise the company’s current financial and operational status and to provide guidance in respect of the financial year ended 31 December 2015, the results for which are scheduled for release on 17 March 2016, and guidance for 2016. The information contained herein has not been audited and is subject to further review.
Ed Story, Chief Executive, commented:
“With low cost production, no debt and our disciplined approach to capital allocation, SOCO is in a good position to weather a prolonged industry downturn. We will be frugal, spending only on commitments and work that is directly related to production whilst keeping an eye out for opportunities. Our outlook continues to be positive and we remain confident that we will continue to deliver on strategy through an extended low oil price environment.”
Highlights
Adapted from a press release by Louise Mulhall
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/26012016/soco-trading-and-operations-highlights/
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