2020-04-17 14:30:00
NORWAY'S OIL & GAS PRODUCTION 2.038 MBD
NPD - 17/04/2020 Preliminary production figures for March 2020 show an average daily production of 2 038 000 barrels of oil, NGL and condensate, which is a decrease of 64 000 barrels per day compared to February.
Total gas sales were 10.7 billion Sm3 (GSm3), which is an increase of 0.7 GSm3 from the previous month.
Average daily liquids production in March was: 1 682 000 barrels of oil, 328 000 barrels of NGL and 27 000 barrels of condensate.
Oil production in March is 4.4 percent lower than the NPD's forecast, and 3.4 percent below the forecast so far this year.
The main reasons that production in March was below forecast is technical problems on some fields.
The total petroleum production for the first three months in 2020 is about 60.5 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 24.6 MSm3 o.e. of oil, about 4.9 MSm3 o.e. of NGL and condensate and about 31.0 MSm3 o.e. of gas for sale.
The total volume is 2.9 MSm3 o.e. higher than in 2019.
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Earlier:
2020, April, 9, 11:25:00
NORWAY REDUCES COSTS
"At the same time, the industry has announced and initiated a number of measures, and we can already see that this is affecting activity on the Norwegian shelf. Substantial cost cuts have been announced, reducing both exploration activity, investments and operating costs moving forward," says Director General Ingrid Sølvberg.
2020, April, 2, 14:35:00
NORWAY'S FUND RETURNED (-15)%
In the first quarter of 2020, the Government Pension Fund Global returned -14.6 percent, equivalent to -1,171 billion kroner.
