Norway's April Oil Output Lags Forecast

Wednesday, May 22, 2019

Norway's oil production fell 8.8 percent year-on-year in April to 1.38 million barrels per day, lagging the official forecast for the month by 0.6 percent, Norway's Petroleum Directorate (NPD) said on Wednesday.

Including condensate and natural gas liquids (NGL), the overall liquids production stood at 1.729 million barrels of oil equivalents per day, lagging the NPD prediction by 1.3 percent.

Technical problems at some fields were among the main reasons why production came in below forecast, NPD said.

Natural gas output in April rose 1.7 percent year-on-year to 338.9 million cubic metres per day, beating NPD's forecasts by 1.7 percent, it added. 


(Reporting by Terje Solsvik, editing by Nerijus Adomaitis)

Categories: Energy Activity Europe Oil Production Natural Gas

Related Stories

Borr Drilling’s First Quarter Profit Takes Hit as Odin Rig Start-Up Lags

Aquaterra’s RAF System for UK CCS Project Enters Fabrication Phase

Perenco Brings Davy Gas Field in North Sea Back to Life

Current News

IKM Aconan to Deliver Drilling, Well Services for Vår Energi

Unity Wins North Sea Decom Contracts, Expands Overseas

Denmark Receives Offshore Wind Bids as Tender Scheme Rebounds

Borr Drilling’s First Quarter Profit Takes Hit as Odin Rig Start-Up Lags

Subscribe for OE Digital E‑News