NPD Gives Update On NCS Petroleum Production for January 2008

Norwegian Petroleum Directorate reported that the average daily production was about 2,160,000 barrels of oil, about 302,000 barrels of NGL (Natural Gas Liquids) and about 69 000 barrels of condensate, in total of 2 531 000 barrels liquid.

During the month of January 21.7 million standard cubic metres of oil equivalents (Sm3 o.e.) were produced. This is the same as in January 2007.

Preliminary production figures for February 2008 show an average daily production of about 2.193 million barrels of oil and 0.350 million barrels of NGL and condensate.

Final figures will be available in the beginning of April 2008.

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Brent Crude Oil : $50.79/BBL 1.30%
Light Crude Oil : $49.96/BBL 1.10%
Natural Gas : $2.77/MMBtu 2.12%
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