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Norway: Norway's oil production in February lower than the NPD’s forecast


21 Mar 2023

Photo - see caption

Preliminary production figures for February 2023 show an average daily production of 1,994,000 barrels of oil, NGL and condensate.

Total gas sales were 9.9 billion Sm3 (GSm3), which is 1.2 (GSm3) less than the previous month.

Average daily liquids production in February was: 1,776,000 barrels of oil, 194,000 barrels of NGL and 24,000 barrels of condensate.

Oil production in February is 2.8 percent lower than the NPD's forecast and 2.5 percent lower than the forecast so far this year.

Photo - see caption
Photo - see caption

The total petroleum production so far in 2023 is about 39,7 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 16.6 MSm3 o.e. of oil, about 2.1 MSm3 o.e. of NGL and condensate and about 21.0 MSm3 o.e. of gas for sale.

The total volume is 0.7 MSm3 o.e. higher than in 2022.

Original article link

Source: NPD





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