Norway hikes oil production in April

Norway’s oil production in April 2017 was 4.2 percent higher than oil production in the same period last year, according to a Friday report by the Norwegian Petroleum Directorate (NPD).  

The regulator’s preliminary production figures for April 2017 show an average daily production of 2 111 000 barrels of oil, NGL and condensate, which is an decrease of 38 000 barrels per day (approx. 2 percent) compared to March.

Total gas sales were 10.6 billion Sm3 (GSm3), which is an decrease of 0.4 GSM3 from the previous month.

Average daily liquids production in April was: 1 704 000 barrels of oil, 377 000 barrels of NGL and 31 000 barrels of condensate.

The oil production is about 4.2 percent above the oil production in April last year and is about 4.2 percent above the NPD’s prognosis for April 2017. The oil production is about 2.3 percent above the prognosis so far this year.

The total petroleum production for the first four months in 2017 is about 83.2 million Sm3oil equivalents (MSm3 o.e.), broken down as follows: about 32.1 MSm3 o.e. of oil, about 7.9 MSm3 o.e. of NGL and condensate and about 43.2 MSm3 o.e. of gas for sale. The total volume is 0.7 MSm3 o.e. higher than in 2016.

Final production figures from March 2017 show an average daily production of about 1.734 million barrels of oil, 0.415 million barrels of NGL and condensate and a total of 11.0 billion Sm3 saleable gas production.