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2019-01-23 11:10:00

NORWAY'S PETROLEUM PRODUCTION 1.849 MBD

NORWAY'S PETROLEUM PRODUCTION 1.849 MBD

NPD - Preliminary production figures for December 2018 show an average daily production of 1 849 000 barrels of oil, NGL and condensate, which is a decrease of 26 000 barrels per day compared to November.

Total gas sales were 10.8 billion Sm3 (GSm3), which is an increase of 0.6 GSM3 from the previous month.

Average daily liquids production in December was: 1 504 000 barrels of oil, 318 000 barrels of NGL and 27 000 barrels of condensate.

Oil production for December is about 2.5 percent below the NPD's forecast for the month and about 4 percent below the forecast for 2018.

The main reasons that production in December was below forecast is technical problems on some fields.

The figures for 2018 in the press release includes volumes of approximately 0,1 million standard cubic metres (Sm3)oil from the test production of the 7220/11-1 (Alta) discovery, which took place from June to August 2018.

As of today, this is not published on the FactPages, but will be soon.

Production December 2018

Oil production 2018

Liquid production 2018

Gas production 2018

 

The total petroleum production in 2018 was about 229,1 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 86.3 MSm3 o.e. of oil, about 21.2 MSm3 o.e. of NGL and condensate and about 121.7 MSm3 o.e. of gas for sale.

The total volume is 9.3 MSm3 o.e. lower than in 2017.

 

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Earlier:

NORWAY'S PETROLEUM PRODUCTION WILL UP
2019, January, 11, 11:30:00

NORWAY'S PETROLEUM PRODUCTION WILL UP

NPD - The Norwegian Petroleum Directorate’s forecasts show that, after a minor decline in 2019, oil and gas production will increase from 2020 and up to 2023. Overall production will then approach the record year of 2004.

 

NORWAY'S PETROLEUM PRODUCTION 1.9 MBD AGAIN
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NPD - Preliminary production figures for November 2018 show an average daily production of 1 880 000 barrels of oil, NGL and condensate, which is an increase of 22 000 barrels per day compared to October.

 

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REUTERS - Norway’s sovereign wealth fund, the world’s largest, will no longer exclude Cairn Energy Plc (CNE.L) and Kosmos Energy Ltd (KOS.N) from its portfolio of investments, the Norwegian central bank said on Tuesday.

 

 NORWAY'S PETROLEUM PRODUCTION 1.9 MBD
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NPD - Preliminary production figures for October 2018 show an average daily production of 1 874 000 barrels of oil, NGL and condensate, which is an increase of 271 000 barrels per day compared to September.

 

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NORGES BANK - The Government Pension Fund Global returned 2.1 percent, or 174 billion kroner, in the third quarter of 2018.

 

 NORWAY'S GAS FOR BRITAIN
2018, October, 19, 11:00:00

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PLATTS - Norwegian natural gas exports to the UK jumped to their highest in six months Wednesday as consistently high UK prices incentivized flows normally only reserved for wintry periods.

 

 NORWAY'S PETROLEUM PRODUCTION 1.6 MBD
2018, October, 19, 10:40:00

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NPD - Preliminary production figures for September 2018 show an average daily production of 1 607 000 barrels of oil, NGL and condensate, which is a decrease of 255 000 barrels per day compared to August. 

 

Tags: NORWAY, OIL, GAS, PRODUCTION

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