December oil production below prediction (Norway)

The Norwegian Petroleum Directorate (NPD) has informed that preliminary production figures for December 2014 indicate an average daily production of about 1 916 000 barrels of oil, NGL and condensate.

This is 45 000 barrels per day (about 2 percent) less than in November 2014.

Total gas sales were about 11.1 billion Sm3, which is 0.9 GSm3 more than the previous month.

The average daily liquid production in December was: 1 441 000 barrels of oil, 352 000 barrels of NGL and 123 000 barrels of condensate. The oil production is 6 percent below the NPD’s prognosis for December and 7 percent below the oil production in December last year.

The production from the Brynhild field started in December.

The Balder, Draugen, Ekofisk, Fram, Fram H-Nord, Gullfaks Sør, Oseberg Sør, Skuld, Ula and Visund fields had reduced production in December due to technical problems.

The oil production in 2014 was about 1 percent above the NPD’s prognosis and about 1 percent higher than 2013.

The total petroleum production in 2014 was about 218.6 million standard cubic meters oil equivalents. (MSm3 o.e.), broken down as follows: about 85.9 MSm3 o.e. of oil, about 23.6 MSm3 o.e. of NGL and condensate and about 109.0 MSm3 o.e. of gas for sale.

Final production figures from November 2014 show an average daily production of about 1.488 million barrels of oil, 0.474 million barrels of NGL and condensate and a total of 10.2 billion Sm3 saleable gas production.

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