Norway’s production falls

The Troll A natural gas platform, operated by Statoil ASA, stands in the North Sea, Norway, on Wednesday, Oct. 21, 2015. Norway is on track for record gas production this year after Statoil ASA put an end to technical issues that limited Troll's capacity. Photographer: Krister Soerboe/Bloomberg
The Troll A natural gas platform, operated by Statoil ASA, stands in the North Sea, Norway, on Wednesday, Oct. 21, 2015. Norway is on track for record gas production this year after Statoil ASA put an end to technical issues that limited Troll's capacity. Photographer: Krister Soerboe/Bloomberg

Norway’s monthly production faltered.

The basin reported a daily production of 1,772,000 barrels of oil, NGL and condensate, which is a decrease of 171,000 barrels per day compared to August. Total gas sales were 9.6 billion Sm3 (GSm3), which is a decrease of 0.7 GSM3 from the previous month.

Norway oil production 2017

Average daily liquids production in September was: 1 439 000 barrels of oil, 301,000 barrels of NGL and 31,000 barrels of condensate. The oil production is about 3.6% above the oil production in September last year and is about 11%t below the NPD’s prognosis for September 2017. The oil production is about 0.5%t below the prognosis so far this year.

Gas production 2017

The total petroleum production for the first nine months in 2017 is about 177.8 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 70.0 MSm3 o.e. of oil, about 16.5 MSm3 o.e. of NGL and condensate and about 91.3 MSm3 o.e. of gas for sale. The total volume is 8.1 MSm3 o.e. higher than in 2016.

Final production figures from August 2017 show an average daily production of about 1.560 million barrels of oil, 0.382 million barrels of NGL and condensate and a total of 10.3 billion Sm3 saleable gas production.

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