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NPD announces production figures for June 2018

Published by , Deputy Editor
Oilfield Technology,

Preliminary production figures for June 2018 show an average daily production of 1 747 000 bbls of oil, NGL and condensate, which is an increase of 88 000 bpd compared to May.

Total gas sales were 9.3 billion m3, which is a decrease of 0.4 billion m3 from the previous month.

Average daily liquids production in June was: 1 480 000 bbls of oil, 237 000 bbls of NGL and 30 000 bbls of condensate.

Oil production is approx. 3% lower than the NPD’s forecast, and about 4% 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 six months in 2018 is about 114.9 million m3 oil equivalents broken down as follows: about 43.2 million m3 oil equivalents of oil, about 10.2 million m3 oil equivalents of NGL and condensate and about 61.5 million m3 oil equivalents of gas for sale.

The total volume is 4.4 million m3 oil equivalents lower than in 2017.

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