Norway: March Production Decreases 46.000 Barrels

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Norway: March Production Decreases 46.000 Barrels

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

Preliminary production figures for March 2012 indicate an average daily production of about 2 055 000 barrels of oil, NGL and condensate. This is a decrease of 46 000 barrels compared to February 2012.

Total gas sales were about 11.1 billion Sm3, which is 0.4 billion Sm3 more than the previous month.

The average daily liquid production in March was: 1 631 000 barrels of oil, 341 000 barrels of NGL and 84 000 barrels of condensate.

The following fields had reduced production in March: Grane due to leakage of coolers in  compressors, Tordis  due to pigging and Balder, Njord, Norne, Snorre and Åsgard due to various technical problems. Even so total oil production is above the NPD’s prognosis for March.

The total production for the first three months in 2012 is about 63.1 million Sm3 oil equivalents. (MSm3 o.e.), broken down as follows: about 24.0 MSm3 o.e. of oil, about 6.2 MSm3 o.e. of NGL and condensate and about 32.9 MSm3 o.e. of gas for sale. This is 2.3 MSm3 o.e. more than in 2011.

Final production figures from February 2012 show an average daily production of about 1.666 million barrels of oil, 0.425 million barrels of NGL and condensate and a total of 10.7 billion Sm3 saleable gas production.

Preliminary production figures for April will be published in May 2012.

Offshore Energy Today Staff, April 13, 2012, April 13, 2012

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