Norwegian oil developer Statoil lifted on Friday the forecast for its daily output by 2020, after good news from its King Lear prospect in the southern part of the Norwegian North Sea. Daily production is expected to reach 2.5 million barrels of oil equivalent by the end of the decade, and it could grow further as Statoil develops fields in the Arctic waters of the Barents Sea, where it teams up with Russian oil tycoon Rosneft.