October oil production in Norway below NPD’s prognosis

The Norwegian Petroleum Directorate has informed that preliminary production figures for October 2014 indicate an average daily production of about 1 949 000 barrels of oil, NGL and condensate.

This is 151 000 barrels per day (about 8 percent) more than in September 2014.

Total gas sales were about 10.5 billion Sm3, which is 2.6 GSm3 more than the previous month.

The average daily liquid production in October was: 1 519 000 barrels of oil, 331 000 barrels of NGL and 100 000 barrels of condensate. The oil production is 1 percent below the NPD’s prognosis for October and 8 percent above the oil production in October last year.

The Gaupe, Oseberg Sør, Skuld, Skarv, Tordis and Ula fields had reduced production in October due to technical problems.

So far this year the oil production is about 1.5 percent above the NPD’s prognosis and about 2.5 percent higher than for the same period in 2013.

The total petroleum production for the first ten months in 2014 is about 178.5 million standard cubic meters oil equivalents. (MSm3o.e.), broken down as follows: about 71.7 MSm3 o.e. of oil, about 19.1 MSm3 o.e. of NGL and condensate and about 87.7 MSm3 o.e. of gas for sale.

Final production figures from September 2014 show an average daily production of about 1.438 million barrels of oil, 0.360 million barrels of NGL and condensate and a total of 7.9 billion Sm3 saleable gas production.

Press Release

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