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

21 Feb 2023

Photo - see caption

Preliminary production figures for January 2023 show an average daily production of 1,979,000 barrels of oil, NGL and condensate.

Total gas sales were 11.1 billion Sm3 (GSm3), which is 0.1 (GSm3) less than the previous month.

Average daily liquids production in January was: 1,754,000 barrels of oil, 200,000 barrels of NGL and 25,000 barrels of condensate.

Oil production in January is 3.0 percent lower than the NPD’s forecast.

Photo - see caption
Photo - see caption

The total petroleum production in January 2023 is about 20,8 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 8.6 MSm3 o.e. of oil, about 1.1 MSm3 o.e. of NGL and condensate and about 11.1 MSm3 o.e. of gas for sale.

The total volume is 0.5 MSm3 o.e. higher than in January 2022.

Original article link

Source: NPD

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