Norway: Oil production in January beats NPD prognosis

Heidrun platform in the Norwegian Sea; Image: Statoil (For illustration purposes)
Heidrun platform in the Norwegian Sea; Image: Statoil (For illustration purposes)

The Norwegian Petroleum Directorate, a government agency whose task is to manage the oil and gas resources on the Norwegian Continental Shelf, informed on Friday that oil production in Norway in January 2016 was above the agency’s prognosis for the month. 

According to the agency, preliminary production figures for January 2016 show an average daily production of about 2 068 000 barrels of oil, NGL and condensate.

This is 13 000 barrels per day (about 0.5 percent) more than December 2015. Total gas sales were about 11.1 billion Sm3, which is 0.1 GSm3 less than previous month.

The average daily liquid production in January was: 1 627 000 barrels of oil, 410 000 barrels of NGL and 32 000 barrels of condensate. The oil production is about 0.5 percent above the oil production in December last year.

The oil production is about 2 percent above the NPD’s prognosis for the month.

The total petroleum production in January is about 21.3 million Sm3 oil equivalents (MSm3o.e.), broken down as follows: about  8.0 MSm3 o.e. of oil, about 2.2 MSm3 o.e. of NGL and condensate and about 11.1 MSm3 o.e. of gas for sale. The total volume is 1.4 MSm3o.e. higher than in 2015.

Final production figures from December 2015 show an average daily production of about 1.643 million barrels of oil, 0.412 million barrels of NGL and condensate and a total of 11.2 billion Sm3 saleable gas production.

Oil production 2016

Share this article

Follow Offshore Energy Today

Posted on February 19, 2016 with tags , .

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation…

read more >

Offshore Energy Exhibition and Conference (OEEC) 2020

Offshore Energy addresses the technical, operational and commercial challenges associated with future sector growth.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply