Norwegian Production Drops 18% Month-on-Month

Output from the Norwegian Continental Shelf in September decreased by 344,000 barrels per day, or approximately 18 percent, compared to figures in August, according to preliminary figures from the Norwegian Petroleum Directorate.

Preliminary production figures for September 2016 showed an average daily production of 1.591 million barrels of oil, NGL and condensate from the NCS. Average daily liquids production in September was 1.375 million barrels of oil, 186,000 barrels of NGL and 30,000 barrels of condensate.

Oil production is about 11 percent below the oil production in September last year and around 4 percent below the NPD’s prognosis for the month. The main reason for the drop in output is that several fields were closed for maintenance during the month, according to the NPD.

Looking ahead to October, production looks likely to rise within the NCS, according to Rune Hult – a principal engineer at the NPD.

“Both oil and gas prognosis are up from September to October and hopefully the production will increase too,” Hult told Rigzone.

In a boost to Norwegian production, output from the Norwegian Goliat field re-started on September 27. Goliat initially started production on March 12. The field is expected to produce around 100,000 barrels of oil per day, according to Eni Norge’s website, which also states that Goliat is estimated to contain about 180 million barrels of oil.

A graduate in journalism from Cardiff University, Andreas has eight years of experience as a business journalist. Email Andreas at andreas.exarheas@rigzone.com

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