Norway's Oil Production in August 2022 Lower than NPD’s Forecast

Source: www.gulfoilandgas.com 9/21/2022, Location: Europe

Preliminary production figures for August 2022 show an average daily production of 1 998 000 barrels of oil, NGL and condensate.

Total gas sales were 10.8 billion Sm3 (GSm3), which is an decrease of 0.1 (GSm3) to the previous month.

Average daily liquids production in July was: 1 774 000 barrels of oil, 205 000 barrels of NGL and 19 000 barrels of condensate.

Oil production in August is 3.1 percent lower than the NPD’s forecast and 4.7 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 154.7 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 67.4 MSm3 o.e. of oil, about 8.1 MSm3 o.e. of NGL and condensate and about 82.4 MSm3 o.e. of gas for sale.

The total volume is 2.6 MSm3 o.e. higher than in 2021.


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