Norwegian oil output in July above expected levels

Norwegian oil production during July 2019 was slightly above expected levels, according to Friday’s report by the Norwegian Petroleum Directorate (NPD).

Preliminary production figures for July 2019 show an average daily production of 1,799,000 barrels of oil, NGL and condensate, which is an increase of 402,000 barrels per day compared to June.

Total gas sales were 9.5 billion Sm3 (GSm3), which is an increase of 0.1 GSm3 from the previous month.

Average daily liquids production in July was: 1,447,000 barrels of oil, 326,000 barrels of NGL, and 25,000 barrels of condensate.

Oil production in July was two percent higher than the NPD’s forecast, and 2.8 percent below the forecast so far this year.

The total petroleum production for the first seven months in 2019 is about 127.8 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 45.1 MSm3 o.e. of oil, about 11,8 MSm3 o.e. of NGL and condensate and about 70.9 MSm3 o.e. of gas for sale. The total volume is 7.0 MSm3 o.e. lower than in 2018.

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