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Norway's preliminary production figures for February 2026 show an average daily production of 2,176,000 barrels of oil, NGL and condensate


22 Mar 2026

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Preliminary production figures for February 2026 show an average daily production of 2,176,000 barrels of oil, NGL and condensate.

Total gas sales were 9.9 billion Sm3 (GSm3), which is 1.4 (GSm3) less than the previous month.

The average daily production of liquids in February was: 1,970,000 barrels of oil, 188,000 barrels of NGL and 18,000 barrels of condensate.

Production figures February 2026

    Oil
mill bbl/day
Sum liquid
mill bbl/day
Gas
MSm³/day
Total
MSm³ o.e/day
Production February 2026 1.970 2.176 355.1 0.701
           
Forecast for February 2026 1.864 2.093 362.8 0.696
Deviation from forecast   0.106 0.083 -7.7 0.005
Deviation from forecaset in %   5.7 % 4 % -2.1 % 0.7 %
           
Production January 2026 1.973 2.199 364.6 0.714
Deviation from January 2026 -0.003 -0.023 -9.5 -0.013
Deviation in % from January 2026 -0.2 % -1 % -2.6 % -1.8 %
           
Production February 2025 1.708 1.930 356.4 0.663
Deviation from February 2025 0.262 0.246 -1.3 0.038
Deviation in % from February 2025 15.3 % 12.7 % -0.4 % 5.7 %

Oil production in February is 5.7 percent more than the NOD’s forecast and 5.3 percent more than the forecast so far this year.

The total petroleum production so far in 2026 is about 41.8 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 18.5 MSm3 o.e. of oil, about 2.0 MSm3 o.e. of NGL and condensate and about 21.2 MSm3 o.e. of gas for sale.

The total volume is 2.7 MSm3 o.e. more than 2025.

Original announcement link

Source: Norwegian Petroleum Directorate

 





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