Norway Announces Production Figures May 2022

Source: www.gulfoilandgas.com 6/21/2022, Location: Europe

Preliminary production figures for May 2022 show an average daily production of 1 831 000 barrels of oil, NGL and condensate. Total gas sales were 10.0 billion Sm3 (GSm3), which is an increase of 0.1 GSm3 from the previous month.

Average daily liquids production in April was: 1 620 000 barrels of oil, 200 000 barrels of NGL and 11 000 barrels of condensate.

Oil production in May is 2.4 percent lower than the NPD’s forecast and 4.8 percent lower than the forecast so far this year.

The forecasts for gas and NGL have been updated in line with the Governments prognosis for production in the revised national budget.

The total petroleum production so far in 2022 is about 96.8 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 41.0 MSm3 o.e. of oil, about 5.1 MSm3 o.e. of NGL and condensate and about 50.8 MSm3 o.e. of gas for sale.

The total volume is 1.0 MSm3 o.e. higher than in 2021.


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