Norway's Aug Gas Output Exceeds Forecast, Oil Lags

Nerijus Adomaitis and Terje Solsvik
Wednesday, September 21, 2022

Norway's crude oil output in August missed the official forecast, while gas output exceeded expectations, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Wednesday.

Crude oil output rose to 1.77 million barrels per day (bpd) in August from 1.64 million bpd in July, compared to a forecast of 1.83 million bpd, the NPD said.

Natural gas production in August averaged 332.8 million cubic meters (mcm) per day, down from 350.6 mcm per day in July but 4.5% above forecast, NPD said.

The full-month gas output fell to 10.8 billion cubic meters (bcm) from 10.9 bcm in July, the agency said.

(Reuters - Reporting by Nerijus Adomaitis and Terje Solsvik, editing by Nora Buli)

Categories: Industry News Activity Europe Production

Related Stories

Tyra II: Completion Test Successfully Met

Tyra II: Completion Test Successfully Met

UK Firm Secures Exploration Extension for Two Blocks off Vietnam

UK Firm Secures Exploration Extension for Two Blocks off Vietnam

BP Expands Oil and Gas Scope in Azerbaijan with New Projects and Exploration Rights

BP Expands Oil and Gas Scope in Azerbaijan with New Projects and Exploration Rights

Current News

Repsol Hires Halliburton for Well Lifecycle Optimization of North Sea Assets

Aquaterra Energy to Deliver Well Services Work for North Sea CCS Project

Tyra II: Completion Test Successfully Met

RWE Inks O&M Deals with Clarkson Port Services for Nordseecluster OW Project

Subscribe for OE Digital E‑News

Offshore Engineer Magazine