Norwegian oil output in June drops below expected levels

Norwegian oil production during June 2019 dropped below expected levels due to technical problems and maintenance on some fields, according to Friday’s report by the Norwegian Petroleum Directorate (NPD).

Preliminary production figures for June 2019 show an average daily production of 1,409,000 barrels of oil, NGL and condensate, which is a decrease of 184,000 barrels per day compared to May.

Total gas sales were 9.4 billion Sm3 (GSm3), which is a decrease of 0.3 GSm3 from the previous month.

Average daily liquids production in June was: 1,067,000 barrels of oil, 315,000 barrels of NGL, and 28,000 barrels of condensate.

Oil production in June was ten percent lower than the NPD’s forecast, and 3.4 percent below the forecast so far this year.

The NPD stated that the main reasons production in June fell below forecast were technical problems and maintenance work on some fields.

The total petroleum production for the first six months in 2019 is about 109.6 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 38.1 MSm3 o.e. of oil, about 10,1 MSm3 o.e. of NGL and condensate and about 61.4 MSm3 o.e. of gas for sale. The total volume is 5.0 MSm3 o.e. lower than in 2018.

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