NORWAY'S GAS UP
Norway's natural gas production in October 2015 was higher than both forecasts and October 2014 production. Apart from June 2014, the country consistently reported an year-on-year increase in monthly gas production throughout 2015.
"The total petroleum production for the first ten months in 2015 is about 188.6 million Sm3 [standard cubic metres] oil equivalents (MSm3 o.e.), broken down as follows: about 74.9 MSm3 o.e. of oil, about 18.2 MSm3 o.e. of NGL and condensate and about 95.5 MSm3 o.e. of gas for sale. The total volume is 10.3 MSm3 o.e. higher than for the same period in 2014," the Norwegian Petroleum Directorate (NPD) wrote on Friday.
NPD also wrote that total gas sales were about 10.8 billion Sm3, which is 1.5 GSm3 more than previous month.
Also on Friday, NPD granted Lundin a drilling permit for well 7130/4-1.
"The drilling programme for well 7130/4-1 relates to the drilling of an exploration well in production licence 708 where Lundin Norway AS is the operator with an ownership interest of 40 per cent," the Stavanger organisation wrote in a separate press release. "The other licensees are Lukoil Overseas North Shelf AS (20 per cent), Edison Norge AS (20 per cent), Lime Petroleum Norway AS (10 per cent) and Pure E&P Norway AS (10 per cent)."
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Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) have executed the second and final phase of an Alternative Financing Agreement that would increase crude oil production in the country by about 39,000 barrels per day.
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