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Norway's oil production in May 2025 is 1.0 percent more than the NOD’s forecast


23 Jun 2025

Photo - see caption

Preliminary production figures for May 2025 show an average daily production of 1,980,000 barrels of oil, NGL and condensate.

Total gas sales were 9.2 billion Sm3 (GSm3), which is 1.1 (GSm3) less than the previous month.

Average daily liquids production in May was: 1 805 000 barrels of oil, 173 000 barrels of NGL and 3 000 barrels of condensate.

Production figures May 2025

    Oil
mill bbl/day
Sum liquid
mill bbl/day
Gas
MSm³/day
Total
MSm³ o.e/day
Production May 2025 1.805 1.980 296.9 0.612
           
Forecast for May 2025 1.787 2.004 296.1 0.615
Deviation from forecast   0.018 -0.024 0.8 -0.003
Deviation from forecaset in %   1 % -1.2 % 0.3 % -0.5 %
           
Production April 2025 1.824 2.028 341.9 0.664
Deviation from April 2025 -0.019 -0.048 -45.1 -0.052
Deviation in % from April 2025 -1 % -2.4 % -13.2 % -7.8 %
           
Production May 2024 1.708 1.954 322.2 0.633
Deviation from May 2024 0.097 0.026 -25.4 -0.021
Deviation in % from May 2024 5.7 % 1.3 % -7.9 % -3.3 %

Oil production May 2025

Oil production in May is 1.0 percent more than the NOD’s forecast and 2.1 percent more than the forecast so far this year.

The total petroleum production so far in 2025 is about 98.6 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 42.5 MSm3 o.e. of oil, about 5.0 MSm3 o.e. of NGL and condensate and about 51.1 MSm3 o.e. of gas for sale.

The total volume is 4.7 MSm3 o.e. less than 2024.

Original announcement link

Source: Norwegian Offshore Directorate





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