Norwegian Production Increases in February

Preliminary figures show a slight increase in production in Norway during February, according to the Norwegian Petroleum Directorate.

According to the NPD’s latest numbers, Norway’s average daily production hit around 2.050 million barrels of oil, NGL and condensate last month, which was 12,000 barrels per day, or around 0.5 percent, more than January 2016.

The average daily liquid production in February was 1.619 million barrels of oil, 395,000 barrels of NGL and 37,000 barrels of condensate. Oil production during the month was around 9 percent above the oil production in February 2015 and 1.5 percent above the NPD’s prognosis for the month.



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