Photo: Illustration; Source: NPD

Norway’s October oil output rises above predictions

Norway’s oil production in October 2021 exceeded the Norwegian Petroleum Directorate’s predictions by 2.8 per cent, while the gas output also experienced a boost compared to September.

Preliminary production figures for October 2021 show an average daily production of 2 062 000 barrels of oil, NGL and condensate, based on the NPD’s report on Friday.

Total gas sales were 10.4 billion Sm3 (GSm3), which is an increase of 1.5 GSm3 from the previous month.

Production October 2021

Production oil output
Production figures October 2021; Courtesy of The Norwegian Petroleum Directorate

Average daily liquids production in October was: 1 815 000 barrels of oil, 237 000 barrels of NGL and 10 000 barrels of condensate.

Oil production in October is 2.8 per cent higher than the NPD’s forecast, and 1.0 per cent higher than the forecast so far this year.

The total petroleum production so far in 2021 is about 191.1 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 84.9 MSm3 o.e. of oil, about 12.8 MSm3 o.e. of NGL and condensate and about 93.4 MSm3 o.e. of gas for sale. The total volume is 2.4 higher than the 2020-figures.

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