Norway’s oil output in April lower than expected

Norwegian oil production during April 2019 was below expected figures due to technical problems on some fields, according to Wednesday’s report by the Norwegian Petroleum Directorate (NPD).

Sleipner field; Image by: Kjetil Alsvik; Source: Equinor

Preliminary production figures for April 2019 show an average daily production of 1,729,000 barrels of oil, NGL and condensate, which is a decrease of 24,000 barrels per day compared to March.

Total gas sales were 10.2 billion Sm3 (GSm3), which is a decrease of 0.6 GSm3 from the previous month.

Average daily liquids production in April was: 1,380,000 barrels of oil, 320,000 barrels of NGL, and 29,000 barrels of condensate.

Oil production in April was 0.6 percent lower than the NPD’s forecast, and about 1.7 percent below the forecast so far this year.

The NPD said that the main reasons production in April fell below forecast were technical problems on some fields.

The total petroleum production for the first four months in 2019 is about 75.8 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 26.8 MSm3 o.e. of oil, about 6.8 MSm3 o.e. of NGL and condensate, and about 42.2 MSm3 o.e. of gas for sale. The total volume is 3.1 MSm3 o.e. lower than in 2018.

Source: NPD

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Posted on May 22, 2019 with tags , .

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