Norway's May Oil Output Down, But Still Above Forecast

Terje Solsvik
Friday, June 19, 2020

Norway's oil production fell in May from the previous month but still exceeded official forecasts by 0.9%, the Norwegian Petroleum Directorate said on Friday.

The country's crude oil output fell by 2.1% month-on-month from April to 1.74 million barrels per day. The output year-on-year was up by 38.1%, thanks among other things to a ramp-up of Equinor's giant Johan Sverdrup oilfield.

Daily natural gas output fell by 12.4% month-on-month, missing the official forecast by 8.4% and was down 15.4% from a year ago.

Overall monthly gas output in April totaled 8.2 billion cubic meters. 

(Reporting by Terje Solsvik; editing by Nerijus Adomaitis)


Categories: Energy Offshore Energy Activity Europe Production

Related Stories

QatarEnergy, ExxonMobil Explore Cyprus Gas Exports via Egypt’s Infrastructure

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

Viridien Kicks Off Multi-Client OBN Survey in North Sea’s Frigg Area

Current News

NOPSEMA Releases Australia’s Offshore Energy Industry Performance Report

TGS Awarded Large 4D Streamer Contract Offshore Angola

CNOOC Starts Full Production at Bohai's Kenli Oilfield

Amplitude Energy Takes Stake in Artisan Gas Field

Subscribe for OE Digital E‑News