NORWAY'S PRODUCTION 1.9 MBD
NPD - Preliminary production figures for March 2018 show an average daily production of 1 901 000 barrels of oil, NGL and condensate, which is a decrease of 46 000 barrels per day compared to February.
Total gas sales were 10.9 billion Sm3 (GSm3), which is an increase of 0.8 GSM3 from the previous month.
Average daily liquids production in March was: 1 519 000 barrels of oil, 352 000 barrels of NGL and 29 000 barrels of condensate.
Oil production is approx. 5 percent lower than the NPD's forecast, and about 3.0 percent below the forecast this year. The main reasons that production in March was below forecast is technical problems on some fields.
Production March 2018
Oil production 2018
Liquid production 2018
Gas production 2018
The total petroleum production for the first three months in 2018 is about 60.3 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 22.5 MSm3 o.e. of oil, about 5.6 MSm3 o.e. of NGL and condensate and about 32.2 MSm3 o.e. of gas for sale.
The total volume is 2.1 MSm3 o.e. lower than in 2017.
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Earlier:
2018, March, 28, 10:50:00
NORWAY'S OIL THREATBLOOMBERG - The government has paid out 109 billion kroner ($14 billion) since 2005 to explorers such as Lundin Petroleum AB and Repsol SA. It helped attract more companies to Norway, nearly doubling the pace of exploration and leading to key discoveries such as the multi-billion-barrel Johan Sverdrup field.
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2018, March, 23, 08:05:00
NORWAY'S OIL PRODUCTION 1.944 MBDNPD - Preliminary production figures for February 2018 show an average daily production of 1 944 000 barrels of oil, NGL and condensate, which is a decrease of 83 000 barrels per day compared to January.
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2018, March, 4, 11:10:00
NORWAY'S PETROLEUM RESOURCES: 15.6 BLN M3NPD - The Norwegian Petroleum Directorate’s (NPD’s) estimate for total proven and unproven petroleum resources on the Norwegian continental shelf is about 15.6 billion standard cubic metres of oil equivalents.
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2018, February, 12, 07:10:00
NORWAY DEFENDS OILREUTERS - “The Ministry maintains that the Norwegian rules on reimbursement of exploration costs and interest on carry forward of losses ... do not constitute state aid under Article 61 of the EEA Agreement, and are therefore in compliance with the EEA (European Economic Area) law,” the ministry said in a letter.
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2018, February, 7, 07:45:00
NORWAY DIVESTS OILBLOOMBERG - Norway’s $1.1 trillion wealth fund shocked the world last year when it announced a plan to divest all its oil and gas stocks, worth $35 billion at the time.
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2018, January, 3, 15:35:00
NORWAY'S OIL PROBLEMSBLOOMBERG - Norway’s oil production has been halved since a 2000 peak. While natural-gas output has surged, total production is forecast to fall again in the middle of the next decade. A flurry of investment decisions at the end of last year hides a painful truth: after Statoil’s $6 billion Johan Castberg oil field starts production in the Barents in 2022, the project pipeline is scant.
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2017, November, 20, 09:00:00
NORWAY SELLS OIL & GASNorway, which relies on oil and gas for about a fifth of economic output, would be less vulnerable to declining crude prices without its fund investing in the industry, the central bank said Thursday. The divestment would mark the second major step in scrubbing the world’s biggest wealth fund of climate risk, after it sold most of its coal stocks. |