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


20 Mar 2024

Photo - see caption

Preliminary production figures for February 2024 show an average daily production of 2,138,000 barrels of oil, NGL and condensate.

Total gas sales were 10.4 billion Sm3 (GSm3), which is 1.4 (GSm3) less than the previous month.

Average daily liquids production in February was: 1,897,000 barrels of oil, 221,000 barrels of NGL and 20,000 barrels of condensate.

Photo - see caption

Oil production in February is 3.0 percent more than the NOD’s forecast and 2.4 percent more than the forecast so far this year.

The total petroleum production so far in 2024 is about 41.9 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 17.5 MSm3 o.e. of oil, about 2.3 MSm3 o.e. of NGL and condensate and about 22.1 MSm3 o.e. of gas for sale.

The total volume is 2.0 MSm3 o.e. higher than 2023.

Original announcement link

Source: Norwegian Offshore Directorate





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