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Norway's oil production in August is higher than the Norwegian Offshore Directorate’s forecast


23 Sep 2024

Photo - see caption

Preliminary production figures for August 2024 show an average daily production of 1,982,000 barrels of oil, NGL and condensate.

Total gas sales were 10.8 billion Sm3 (GSm3), which is 0.4 (GSm3) less than the previous month.

Average daily liquids production in August was: 1,765,000 barrels of oil, 198,000 barrels of NGL and 19,000 barrels of condensate.

Oil production in August is 7.5 percent more than the NOD’s forecast and 3.3 percent more than the forecast so far this year.

Photo - see caption

The total petroleum production so far in 2024 is about 165.0 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 69.3 MSm3 o.e. of oil, about 9.4 MSm3 o.e. of NGL and condensate and about 86.3 MSm3 o.e. of gas for sale. The total volume is 8.4 MSm3 o.e. higher than 2023.

Original announcement link

Source: Norwegian Petroleum Directorate





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