Norwegian Production Increases



Norwegian Production Increases
Norwegian production has increased month-on-month, according to the Norwegian Petroleum Directorate's preliminary output figures for October.

Norwegian production has increased month-on-month, according to the Norwegian Petroleum Directorate’s preliminary output figures for October.

The figures show an average daily production of 1.90 million barrels of oil, NGL and condensate, which is an increase of 141,000 barrels per day compared to September. Average daily liquids production in October was 1.54 million barrels of oil, 330,000 barrels of NGL and 31,000 barrels of condensate.

Oil production was approximately 4.5 percent lower than the NPD’s forecast, and about 0.9 percent below the forecast so far this year. The main reasons for this were attributed to Goliat’s shut down for most of the month and less than expected production from Gina Krog, partly due to loading problems as a result of bad weather.

The increase in oil production since September is a result of increased production on several fields, with Snorre and Ivar Aasen having the largest increases.



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