Norway’s June oil output up by eight percent YOY

Norway’s oil production in June 2017 was about 8 percent above the oil production in June last year, according to a report by the Norwegian Petroleum Directorate (NPD).

The NPD’s production figures showed an average daily production of 1,884,000 barrels of oil, NGL and condensate, which is a decrease of 116,000 barrels per day compared to May.

Total gas sales were 8.6 billion Sm3 (GSm3), which is a decrease of 0.5 GSM3 from the previous month.

Average daily liquids production in June was: 1,554,000 barrels of oil, 307,000 barrels of NGL and 24,000 barrels of condensate.

Oil production rose by eight percent above the oil production in June last year and was about 3.3 percent below the NPD’s prognosis for June 2017. The oil production is about 1.3 percent above the prognosis so far this year.

The oil production is about 8.0 percent above the oil production in June last year and is about 3.3 percent below the NPD’s prognosis for June 2017. The oil production is about 1.3 percent above the prognosis so far this year.

The total petroleum production for the first six months in 2017 was about 119.6 million Sm3 of oil equivalents (MSm3 o.e.), broken down as follows: about 47.5 MSm3 o.e. of oil, about 11.2 MSm3 o.e. of NGL and condensate, and about 60.9 MSm3 o.e. of gas for sale. The total volume was 1.1 MSm3 o.e. higher than in 2016.

Final production figures for May 2017 show an average daily production of about 1.635 million barrels of oil, 0.365 million barrels of NGL and condensate, and a total of 9.1 billion Sm3 saleable gas production.