LONDON (Reuters) - Oil explorer Soco International (L:SIA) lowered its full-year production guidance to 13,300-13,800 barrels of oil per day on Thursday on higher-than-expected field shutdowns to move its drilling rigs.
The London-listed energy company said it expected capital expenditure for 2014 to come in at the top end of its $160-170 million forecast as it has sped up some drilling work.
It said revenues from producing assets in Vietnam were high enough, even at lower oil prices, to fund its exploration work and to continue returning cash to shareholders.
(Reporting by Karolin Schaps; editing by Jason Neely)