Norway: NPD Cuts 2021-2023 Oil Output Forecast

Nerijus Adomaitis
Thursday, January 14, 2021
Oil platform in Norway - Credit: Lukas Z/AdobeStock

Norway's oil industry regulator has cut its 2021-2023 crude production forecasts, it said on Thursday, although output is still on track to grow significantly as new fields are brought on stream.

The Norwegian Petroleum Directorate (NPD) expects oil production to grow by 3.6% this year to 1.76 million barrels per day (bpd), down from a previous estimate of 1.87 million bpd, and to hit 2.1 million bpd in 2024. 

(Reporting by Nerijus Adomaitis, editing by Terje Solsvik)

Categories: Energy Activity Europe Production

Related Stories

Nippon Steel to Supply Material for Vestas Wind Towers

Nippon Steel to Supply Material for Vestas Wind Towers

Oceaneering Upgrades Survey Vessel for Simultaneous Autonomous Missions

Oceaneering Upgrades Survey Vessel for Simultaneous Autonomous Missions

Serica Energy Revises Production Outlook as Triton FPSO Ramp-Up Lags

Serica Energy Revises Production Outlook as Triton FPSO Ramp-Up Lags

Current News

Nippon Steel to Supply Material for Vestas Wind Towers

Energean Invests in Croatian Gas Field in Adriatic Sea

Japan Designates Hokkaido Sites for Offshore Wind Auctions

Oceaneering Upgrades Survey Vessel for Simultaneous Autonomous Missions

Subscribe for OE Digital E‑News

Offshore Engineer Magazine