Brief: TotalEnergies Gabon Q1 Net Result Turns To Profit Of $21 Million

TotalEnergies EP Gabon

01/06/2022 07:20

June 1 (Reuters) - TOTALENERGIES EP GABON  EGAB.PA :
    * ANNOUNCED ON TUESDAY Q1 RESULTS 
    * Q1 BRENT AVERAGED $102.2 PER BARREL ($/B), UP 67% COMPARED
TO
LAST YEAR
    * IN Q1, TOTALENERGIES EP GABON’S EQUITY SHARE OF OIL
PRODUCTION
AVERAGED 16.5 KB/D, DOWN 38% COMPARED TO Q1 2021
    * Q1 REVENUES AMOUNTED TO $188 MILLION, UP 35% VS FIRST
QUARTER
2021
    * Q1 NET INCOME AMOUNTED TO $21 MILLION, COMPARED TO A LOSS
OF $1
MILLION LAST YEAR
    * CAPITAL EXPENDITURE AMOUNTED TO $6 MILLION IN Q1, DOWN 67%
COMPARED TO LAST YEAR
    * IMPACT OF INCIDENT AT CAP LOPEZ OIL TERMINAL OPERATED BY
PERENCO
OIL & GAS GABON ON 2022 ANNUAL PRODUCTION IS ESTIMATED TO 1,200
B/D

 Source text for Eikon:  urn:newsml:reuters.com:*:nBwbRBLmxa   
 Further company coverage:  EGAB.PA  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))