Norwegian Production Decreasing

Norwegian production is decreasing according to preliminary production figures from the Norwegian Petroleum Directorate.

Statistics released Tuesday for August 2016 show an average daily production of 1.929 million barrels of oil, NGL and condensate, which marks a decrease of 202,000 barrels per day, or approximately 9.5 percent, compared to July.

Average daily liquids production in August amounted to 1.558 million barrels of oil, 337,000 barrels of NGL and 33,000 barrels of condensate. Last month’s oil production is equal to the oil production in August last year and around 9 percent above the NPD’s prognosis.

“Production is less than last month, but not as low as expected considering, among other things, that Kårstø was closed for maintenance and production on Goliat stopped at the end of the month,” said an NPD spokesperson in a statement on the organization’s website.



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