Norway: November oil production once again below NPD’s prognosis

The Norwegian Petroleum Directorate (NPD) has informed that preliminary production figures for November 2014 indicate an average daily production of about 1 939 000 barrels of oil, NGL and condensate.

This is 18 000 barrels per day (about 1 percent) less than in October 2014. Total gas sales were about 10.2 billion Sm3, which is 0.3 GSm3less than the previous month.

The average daily liquid production in November was: 1 467 000 barrels of oil, 351 000 barrels of NGL and 121 000 barrels of condensate. The oil production is 5 percent below the NPD’s prognosis for November and 5 percent below the oil production in November last year.

The Fram H-Nord, Gullfaks Sør, Oseberg Sør, Skarv, Skuld, Ula and Visund fields had reduced production in November due to technical problems.

So far this year the oil production is about 1 percent above the NPD’s prognosis and about 2 percent higher than for the same period in 2013.

The total petroleum production for the first eleven months in 2014 is about 197.9 million standard cubic meters oil equivalents. (MSm3o.e.), broken down as follows: about 78.7 MSm3 o.e. of oil, about 21.3 MSm3 o.e. of NGL and condensate and about 98.0 MSm3 o.e. of gas for sale.

Final production figures from October 2014 show an average daily production of about 1.528 million barrels of oil, 0.430 million barrels of NGL and condensate and a total of 10.5 billion Sm3 saleable gas production.

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