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NPD: Production figures June 2016

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Oilfield Technology,

Preliminary production figures for June 2016 show an average daily production of about 1 820 000 bbls, NGL and condensate. is 140 000 barrels per day (about 7 %) less than May 2016.

Total gas sales were about 8.2 billion Sm3, which is 1.4 GSm3 less than previous month.

The average daily liquid production in June was: 1 444 000 barrels of oil, 342 000 boe of NGL and 34 000 boe of condensate. The oil production is about 8% below the oil production in June last year.

The oil production is about 6% above the NPD’s prognosis for the month.

The total petroleum production for the first six months in 2016 is about 118.5 million Sm3 oil equivalents (MSm3 boe), broken down as follows: about 45.8 million m3 boe of oil, about 11.6 MSm3 boe of NGL and condensate and about 61.1 MSm3 boe of gas for sale. The total volume is 7.0 MSm3 boe higher than in 2015.

Final production figures from May 2016 show an average daily production of about 1.568 million bbls, 0.392 million boe of NGL and condensate and a total of 9.6 billion Sm3 saleable gas production.

Adapted from a press release by Louise Mulhall

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