Norway reports production fall

Norway's November production
Norway's November production

The Norwegian Petroleum Directorate (NPD) today confirmed a fall in production.

Preliminary production figures for November 2017 show an average daily production of 1,813,000 barrels of oil, NGL and condensate, which is a decrease of 102,000 barrels per day compared to October.

The total figures are down 9% on NPD’s forecasts for the time period. Total gas sales were 10.9 billion Sm3 (GSm3), which is an increase of 0.2 GSM3 from the previous month.

Average daily liquids production in November was: 1,466,000 barrels of oil, 316 000 barrels of NGL and 31,000 barrels of condensate.

NPD credited the a Goliat field shutdown for the fall. Gina Krog, Draugen and other fields also produced less than expected volumes due to maintenance work.

The total petroleum production for the first 11 months in 2017 is about 217.2 million Sm3 oil equivalents (MSm3 o.e.), which includes about 84.5 MSm3 o.e. of oil, about 20.0 MSm3 o.e. of NGL and condensate and about 112.7 MSm3 o.e. of gas for sale. The total volume is 5.3 MSm3 o.e. higher than in 2016.

Final production figures from October 2017 show an average daily production of about 1.527 million barrels of oil, 0.388 million barrels of NGL and condensate and a total of 10.7 billion Sm3 saleable gas production.