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Production Figures July 2018

Source: www.gulfoilandgas.com 8/16/2018, Location: Europe

Preliminary production figures for July 2018 show an average daily production of 1 911 000 barrels of oil, NGL and condensate, which is an increase of 64 000 barrels per day compared to June. Total gas sales were 10.8 billion Sm3 (GSm3), which is an increase of 1.5 GSM3 from the previous month.

Average daily liquids production in July was: 1 525 000 barrels of oil, 357 000 barrels of NGL and 29 000 barrels of condensate.

Oil production is approx. 2.5 percent lower than the NPD’s forecast for July, and about 4 percent below the forecast this year.

The main reasons that production in June was below forecast is technical problems on some fields.

The total petroleum production for the first seven months in 2018 is about 135.3 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 50.8 MSm3 o.e. of oil, about 12.5 MSm3 o.e. of NGL and condensate and about 71.9 MSm3 o.e. of gas for sale.

The total volume is 4.5 MSm3 o.e. lower than in 2017.

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