Repsol Sees Continued Fall in Oil Production

Spanish oil and gas major Repsol YPF (REP.MC: Quote, Profile, Research) said it expects its oil production in Argentina to decline about 6 percent in 2005 and by some 4 to 5 percent in 2006.

Repsol on Thursday reported a reduction in oil production in the second quarter, although total oil and gas production was flat due to a 5.7 percent increase in gas output.
Reuters