Norway: April Production Numbers Above Expectations, NPD Says

April Production Numbers Above Expectations, NPD Says

The Norwegian Petroleum Directorate, a governmental specialist directorate and administrative body, today released preliminary production figures for April 2012.

The figures indicate an average daily production of about 2 030 000 barrels of oil, NGL and condensate. This is 11 000 barrels less than in March 2012.

Total gas sales were about 9.4 billion Sm3, which is 1.6 billion Sm3 less than the previous month.

The average daily liquid production in April was: 1 633 000 barrels of oil, 310 000 barrels of NGL and 87 000 barrels of condensate.

The total oil production is above the NPD’s forecast for April. The following fields have produced well above the prognosis: Ekofisk, Gjøa, Grane, Kvitebjørn, Morvin and Volund.

In April, the Gaupe, Marulk, Islay and Oselvar fields started production on the Norwegian Shelf.

The total petroleum production for the first four months of 2012 is about 82.1 million Sm3 oil equivalents. (MSm3 o.e.), broken down as follows: about 31.7 MSm3 o.e. of oil, about 8.1 MSm3 o.e. of NGL and condensate and about 42.3 MSm3 o.e. of gas for sale. The total volume is 3.7 MSm3 o.e. bigger than in 2011.

Final production figures for March 2012 show an average daily production of about 1.613 million barrels of oil, 0.428 million barrels of NGL and condensate, and a total of 11.0 billion Sm3 saleable gas production.


Offshore Energy Today Staff, May 16, 2012