Norway's oil production in October is 8.2 percent more than the NOD’s forecast

Preliminary production figures for October 2024 show an average daily production of 1,988,000 barrels of oil, NGL and condensate.

Total gas sales were 10.6 billion Sm3 (GSm3), which is 3.4 (GSm3) more than the previous month.

Average daily liquids production in October was: 1,774,000 barrels of oil, 196,000 barrels of NGL and 19,000 barrels of condensate.

Production figures October 2024

Oil production in October is 8.2 percent more than the NOD’s forecast and 3.9 percent more than the forecast so far this year.

The total petroleum production so far in 2024 is about 201.1 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 85.8 MSm3 o.e. of oil, about 11.2 MSm3 o.e. of NGL and condensate and about 104.1 MSm3 o.e. of gas for sale.

The total volume is 9.5 MSm3 o.e. higher than 2023.

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Source: Norwegian Petroleum Directorate