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Production on the rise in Norway

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The Norwegian Petroleum Directorate reported an increase in production in December.

The basin recorded a daily production of 1,932,000 barrels of oil, NGL and condensate, which is an increase of 26,000 barrels per day compared to November.

Total gas sales were 11.2 billion Sm3 (GSm3), which is an increase of 0.3 GSM3 from the previous month.

Average daily liquids production in December was 1,538,000 barrels of oil, 363,000 barrels of NGL and 31,000 barrels of condensate.

Oil production is approximately 4% lower than the NPD’s forecast, and about 1.7% below the forecast this year. Goliat’s closure until December 17 was credited for the shortfall.

The total petroleum production in 2017 inclusive preliminary December figures was 238.7 million Sm3 oil equivalents (MSm3 o.e.), including 92.3 MSm3 o.e. of oil, 22.2 MSm3 o.e. of NGL and condensate and 124.2 MSm3 o.e. of gas for sale. The total volume is 6.0 MSm3 o.e. higher than in 2016.

Final production figures from November 2017 show an average daily production of about 1.510 million barrels of oil, 0.396 million barrels of NGL and condensate and a total of 10.9 billion Sm3 saleable gas production.

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