NORWAY'S OIL PRODUCTION UP TO 30%
According to NPD, Preliminary production figures for October 2016 show an average daily production of 2 099 000 barrels of oil, NGL and condensate, which is an increase of 486 000 barrels per day (approx. 30 percent) compared to September.
Total gas sales were 10.8 billion Sm3 (GSm3), which is an increase of 4.5 GSM3 from the previous month.
Average daily liquids production in October was: 1 714 000 barrels of oil, 352 000 barrels of NGL and 33 000 barrels of condensate. The oil production is about 4 percent above the oil production in October last year and is about 10 percent above the NPD's prognosis.
The total petroleum production for the first ten months in 2016 is about 190.9 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 77.3 MSm3 o.e. of oil, about 18.3 MSm3 o.e. of NGL and condensate and about 95.3 MSm3 o.e. of gas for sale. The total volume is 1.9 MSm3 o.e. higher than in 2015.
Final production figures from September 2016 show an average daily production of about 1.397 million barrels of oil, 0.216 million barrels of NGL and condensate and a total of 6.3 billion Sm3 saleable gas production.
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