Norway Oil Output Beats Forecast, Gas Lags

Tuesday, November 19, 2019
Norwegian giant: Production from the large Johan Sverdrup oilfield began ahead of schedule, helping to lift Norway's October output. (Photo: Espen Rønnevik/Øyvind Gravås, Equinor)

Norway's oil production rose in October from the previous month, beating official forecast by 4.5%, while gas production continued to lag, the Norwegian Petroleum Directorate (NPD) said on Tuesday.

Output from the giant Johan Sverdrup oilfield kicked in ahead of schedule last month, contributing to a boost in Norway's crude output of 16.6% month-on-month and 2.4% year-on-year.

Daily natural gas output rose by 50.3% month-on-month to 9.3 billion cubic meters in October, but still missing forecasts by 13.6%, the industry regulator added.

Top Norwegian producer Equinor said last month it had restrained its gas output amid a supply glut.


(Reporting by Terje Solsvik)

Categories: Energy Europe Oil Production Natural Gas

Related Stories

Norwegian Oil Investment Will Peak in '25

Norwegian Oil Investment Will Peak in '25

Leviathan Natural Gas Field Signs $35b Supply Deal With Egypt

Leviathan Natural Gas Field Signs $35b Supply Deal With Egypt

OKEA Spuds First of Two Wells at Bestla Development in North Sea

OKEA Spuds First of Two Wells at Bestla Development in North Sea

Current News

Court Quashes TotalEnergies Oil Exploration Permit

FLOATING POWER: Seatrium, Karpowership Ink Pact for FSRU Conversions

Norwegian Oil Investment Will Peak in '25

Golar LNG Locks In $13.7B FLNG Backlog with Landmark Argentina Deals

Subscribe for OE Digital E‑News

Offshore Engineer Magazine