Norway’s oil production in December higher than expected
The Norwegian Petroleum Directorate, a government agency whose task is to manage the oil and gas resources on the Norwegian Continental Shelf, informed on Friday that oil production in Norway for December 2015 was above the oil production in December 2014 and higher than NPD’s forecast for the month.
According to the agency, the preliminary production figures for December 2015 show an average daily production of about 2 023 000 barrels of oil, NGL and condensate.
This is 37 000 barrels per day (about 2.0 percent) more than November 2015. Total gas sales were about 11.2 billion Sm3, which is 0.6 GSm3 more than previous month.
The average daily liquid production in December was: 1 609 000 barrels of oil, 367 000 barrels of NGL and 47 000 barrels of condensate. The oil production is about 2.5 percent above the oil production in December 2014.
The oil production is about 5 percent above the NPD’s prognosis for the month.
The total petroleum production in 2015 was about 230.1 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 90.8 MSm3 o.e. of oil, about 22.1 MSm3 o.e. of NGL and condensate and about 117.2 MSm3 o.e. of gas for sale. The total volume is 11.7 MSm3 o.e. higher than in 2014.
Final production figures from November 2015 show an average daily production of about 1.602 million barrels of oil, 0.384 million barrels of NGL and condensate and a total of 10.6 billion Sm3 saleable gas production.