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Norway's oil output down in March

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Oilfield Technology,

The Norwegian Petroleum Directorate (NPD) has announced that preliminary production figures for March 2020 show an average daily production of 2 038 000 bbl of oil, NGLs and condensate, which is a decrease of 64 000 bpd compared to February.

Total gas sales were 10.7 billion m3, which is an increase of 0.7 m3 from the previous month.

Average daily liquids production in March was 1 682 000 bbl of oil, 328 000 bbl of NGLs and 27 000 bbl of condensate.

Oil production in March was 4.4% lower than the NPD’s forecast, and 3.4% below the forecast so far this year. The main reason that production in March was below forecast was technical problems at some fields.

The total petroleum production for the first three months in 2020 is about 60.5 million m3 oil equivalents, broken down as follows: about 24.6 million m3 oil equivalents of oil, about 4.9 million m3 oil equivalents of NGLs and condensate and about 31 million m3 oil equivalents of gas for sale.

The total volume is 2.9 million m3 oil equivalents higher than in 2019.

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