Norway Records Highest Monthly Output in 5 Years

Norway recorded its largest monthly oil production volume in five years in July, according to preliminary production figures from the Norwegian Petroleum Directorate.

Oil output was 1.72 million barrels, which is the largest figure since March 2011. Norway’s average daily production in July hit 2.13 million barrels of oil, NGL and condensate.

​The month’s oil production is ten percent above the oil output in July last year and nine percent above the NPD’s prognosis for July 2016. It is an increase of 322,000 barrels of oil per day, around 18 percent, compared to June.

“The high level of production in July is due to many fields producing above prognosis, and because Goliat is now contributing considerably and is the fourth largest oil producer in July,” said an NPD spokesperson in a company statement.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
 Company: Norwegian Petroleum Directoratemore info
 - NPD Grants Lundin Permit for Appraisal Well Offshore Norway (Jan 20)
 - Aker BP Makes North Sea Find (Dec 23)
 - Norwegian Production Rises (Dec 21)
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Staff Engineering Proficiency Position... (Jun 27)
 -  IOG Welcomes OGA North Sea Tight Gas P... (Jun 27)
 -  Wood Group Pens Deal Which Will 'Impro... (Jun 26)
 -  Empyrean Energy Kicks Off Aggressive E... (Jun 26)
 -  TRACE Secures INPEX Deal, Creates Jobs (Jun 23)


Most Popular Articles

From the Career Center
Jobs that may interest you
Business Development Professional
Expertise: Business Development
Location: Houston, TX
 
Business Development Manager
Expertise: Business Development|Sales
Location: Midland, TX
 
BILLING CLERK
Expertise: Accounting|Secretarial or Administrative
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $45.83/BBL 0.63%
Light Crude Oil : $43.38/BBL 0.86%
Natural Gas : $3.03/MMBtu 3.44%
Updated in last 24 hours