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Norway's production decreases in May 2019


21 Jun 2020

Photo - see caption

Norway's preliminary production figures for May 2020 show an average daily production of 2,029,000 barrels of oil, NGL and condensate, which is a decrease of 78,000 barrels per day compared to April.

Total gas sales were 8.2 billion Sm3 (GSm3), which is a decrease of 0.9 GSm3 from the previous month.

Average daily liquids production in May was: 1,740,000 barrels of oil, 269,000 barrels of NGL and 20 000 barrels of condensate.

The Norwegian Petroleum Directorate’s oil production forecasts have been updated in the Government’s proposed Revised National Budget for 2020. This was presented on 12 May. The update takes the authorities’ oil production regulation into account, as well as delayed start-up of fields under development and oil production in the first quarter.

Oil production in May is 1.0 percent higher than the NPD’s forecast, and 0.7 percent below the forecast so far this year.

Photo - see caption
Photo - see caption
Photo - see caption

The total petroleum production for the first five months in 2020 is about 98.1 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 41.8 MSm3 o.e. of oil, about 7.9 MSm3 o.e. of NGL and condensate and about 48.4 MSm3 o.e. of gas for sale.

The total volume is 4.7 MSm3 o.e. higher than in 2019.

Original article link

Source: NPD





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