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2019-03-18 12:40:00

NORWAY'S PRODUCTION 1.7 MBD

NORWAY'S PRODUCTION 1.7 MBD

NPD- Preliminary production figures for February 2019 show an average daily production of 1 745 000 barrels of oil, NGL and condensate, which is a decrease of 75 000 barrels per day compared to January.

Total gas sales were 10.2 billion Sm3 (GSm3), which is a decrease of 0.9 GSm3 from the previous month.

Average daily liquids production in February was: 1 388 000 barrels of oil, 328 000 barrels of NGL and 30 000 barrels of condensate.

Oil production in February is 3.6 percent lower than the NPD's forecast, and about 2.0 percent below the forecast so far this year.

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

The total petroleum production for the first two months in 2019 is about 38.0 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 13.4 MSm3 o.e. of oil, about 3.4 MSm3 o.e. of NGL and condensate and about 21.3 MSm3 o.e. of gas for sale.

The total volume is 1.8 MSm3 o.e. lower than in 2018.

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Earlier:

NORWAY'S PRODUCTION 1.7 MBD
2019, March, 13, 11:15:00
NORWAY EXCLUDE OIL
GOVERNMENT.NO - The Government is proposing to exclude companies classified as exploration and production companies within the energy sector from the Government Pension Fund Global to reduce the aggregate oil price risk in the Norwegian economy.
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Tags: NORWAY, OIL, GAS