NORWAY'S PRODUCTION DOWN 116 TBD
NPD - Preliminary production figures for June 2017 show an average daily production of 1 884 000 barrels of oil, NGL and condensate, which is a decrease of 116 000 barrels per day compared to May.
Total gas sales were 8.6 billion Sm3 (GSm3), which is a decrease of 0.5 GSM3 from the previous month.
Average daily liquids production in June was: 1 554 000 barrels of oil, 307 000 barrels of NGL and 24 000 barrels of condensate. The oil production is about 8.0 percent above the oil production in June last year and is about 3.3 percent below the NPD's prognosis for June 2017. The oil production is about 1.3 percent above the prognosis so far this year.
The total petroleum production for the first six months in 2017 is about 119.6 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 47.5 MSm3 o.e. of oil, about 11.2 MSm3 o.e. of NGL and condensate and about 60.9 MSm3 o.e. of gas for sale. The total volume is 1.1 MSm3 o.e. higher than in 2016.
Final production figures from May 2017 show an average daily production of about 1.635 million barrels of oil, 0.365 million barrels of NGL and condensate and a total of 9.1 billion Sm3 saleable gas production.
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NPD - Preliminary production figures for May 2018 show an average daily production of 1 629 000 barrels of oil, NGL and condensate, which is a decrease of 236 000 barrels per day compared to April.
PLATTS - Libyan crude production has fallen around 400,000 b/d -- or nearly halved -- due to militia attacks on the eastern oil terminals of Ras Lanuf and Es Sider, the head of the country?s National Oil Corp. said Tuesday.
PLATTS - Venezuela's crude output averaged 1.36 million b/d in May, down from 1.41 million b/d in April, and 1.9 million b/d in May 2017, according to S&P Global Platts. The International Energy Agency said it could fall to 800,000 b/d or even lower next year.
PLATTS - Nigerian oil has been slow to sell this month as bidders for the country's July-loading heavy and light sweet crudes have been absent from the market. Market participants pegged the amount of unsold Nigerian barrels loading in July at 20 million-34 million barrels, amounting to roughly 40%-75% of what is produced in a month.