Norwegian Production Decreasing
Norway’s production levels are decreasing, according to preliminary figures from the Norwegian Petroleum Directorate.
The NPD stated that Norway had an average daily production of about 1.993 million barrels of oil, NGL and condensate in November, which was 29,000 barrels per day less than October. The average daily liquid production in November was 1.598 million barrels of oil, 350,000 barrels of NGL and 45,000 barrels of condensate.
Oil production for November is about three percent above oil output during the same period last year and around four percent above the NPD’s prognosis for the month.
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