Norwegian Production Sees Slight Drop in January

Norwegian production fell slightly in January 2016, compared to December last year, according to preliminary output figures from the Norwegian Petroleum Directorate.

The NPD revealed Friday that an average daily production of about 2.037 million barrels of oil, NGL and condensate stemmed from Norway last month, which was 9,000 barrels per day, or about 0.5 percent, less than December 2015.

Average daily liquid production in January was 1.627 million barrels of oil, 378,000 barrels of NGL and 32,000 barrels of condensate. Oil production for the month was about 0.5 percent above oil production in December last year and around two percent above the NPD’s prognosis for the month. 

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