Norway: Oil production in November above expectations

The Norwegian Petroleum Directorate, a government agency whose task is to manage the oil and gas resources on the Norwegian Continental Shelf, reported on Friday that oil production in November 2015 was above its prognosis. 

According to the agency, preliminary production figures for November 2015 show an average daily production of about 1 993 000 barrels of oil, NGL and condensate.

This is 29 000 barrels per day (about 1.5 percent) less than October 2015. Total gas sales were about 10.6 billion Sm3, which is 0.2 GSm3 less than previous month, the NPD said.

The average daily liquid production in November was: 1 598 000 barrels of oil, 350 000 barrels of NGL and 45 000 barrels of condensate. The oil production is about 3 percent above the oil production in November last year.

The oil production is about 4 percent above the NPD’s prognosis for the month, said the agency.

The total petroleum production for the first eleven months in 2015 is about 209.0 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 82.9 MSm3 o.e. of oil, about 20.1 MSm3 o.e. of NGL and condensate and about 106.0 MSm3 o.e. of gas for sale. The total volume is 11.3 MSm3 o.e. higher than for the same period in 2014.

After a more detailed review of the oil figures for October, the directorate said, the difference from the preliminary results has proved somewhat greater this month.

Final production figures from October 2015 show an average daily production of about 1.640 million barrels of oil, 0.382 million barrels of NGL and condensate and a total of 10.8 billion Sm3 saleable gas production.