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

AKOFS Offshore Inks New Vessel Deal with Petrobras

Elemental Energies Expands Subsurface Expertise with APT Buy

Transocean-Valaris Tie-Up to Create $17B Offshore Drilling Major with 73 Rigs

Current News

Norway's 2025 Oil Output Climbs to Highest Level Since 2009

AKOFS Offshore Inks New Vessel Deal with Petrobras

UK Trade Body Challenges Government View on North Sea Gas Decline

Inpex Secures Environmental Approval for Indonesia’s Abadi LNG Project

Subscribe for OE Digital E‑News