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Norway sees decrease in November production

27 Dec 2017

Photo - see caption

The Norwegian Petroleum Directorate reports that preliminary production figures for November 2017 show an average daily production of 1,813,000 barrels of oil, NGL and condensate, which is a decrease of 102,000 barrels per day compared to October. Total gas sales were 10.9 billion Sm3 (GSm3), which is an increase of 0.2 GSM3 from the previous month. Average daily liquids production in November was: 1,466,000 barrels of oil, 316,000 barrels of NGL and 31,000 barrels of condensate.

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Oil production is approx. 9 percent lower than the NPD’s forecast, and about 1.7 percent below the forecast so far this year. The main reasons that production in November was below forecast is that Goliat was closed during the whole month and production from Gina Krog, Draugen and other fields was less than expected, some of the reasons being technical problems and maintenance work.

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The total petroleum production for the first eleven months in 2017 is about 217.2 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 84.5 MSm3 o.e. of oil, about 20.0 MSm3 o.e. of NGL and condensate and about 112.7 MSm3 o.e. of gas for sale. The total volume is 5.3 MSm3 o.e. higher than in 2016.

Final production figures from October 2017 show an average daily production of about 1.527 million barrels of oil, 0.388 million barrels of NGL and condensate and a total of 10.7 billion Sm3 saleable gas production.

Original article link

Source: NPD

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