Norway's June Production Lags Forecast

July 12, 2019

(Photo: Øyvind Hagen / Equinor)
(Photo: Øyvind Hagen / Equinor)

Norway's oil production fell 28.2% year-on-year in June to 1.067 million barrels per day, lagging the official forecast for the month by 10.2%, Norway's Petroleum Directorate (NPD) said on Friday.

Including condensate and natural gas liquids (NGL), the overall liquids production stood at 1.409 million barrels of oil equivalents per day, lagging the NPD prediction by 8.5%.

Technical problems at some fields and maintenance were among the main reasons why production came in below forecast, NPD said.

Natural gas output in June rose 2.4% year-on-year to 313.3 million cubic meters per day, lagging NPD's forecasts by 4.7%, it added.

Production June 2019 (Source: NPD)

Oil production 2019 (Source: NPD)

Liquid production 2019 (Source: NPD)

Gas production 2019 (Source: NPD)

(Reporting by Victoria Klesty, editing by Gwladys Fouche)



Current News

Thunder Cranes Wins Chevron Contract

Thunder Cranes Wins Chevron Contract

Danos Leverages VR for Training and Assessment

Danos Leverages VR for Training and Assessment

BHP Inks Deal with Baker Hughes

BHP Inks Deal with Baker Hughes

Straightpoint, Crosby Partner on FPSO Project

Straightpoint, Crosby Partner on FPSO Project

Neptune Awarded Dutch Exploration Block

Neptune Awarded Dutch Exploration Block

Petrobras on Track to Become World's Top Producer

Petrobras on Track to Become World's Top Producer

Partners Bring AI to Energy

Partners Bring AI to Energy

Magazine

Offshore Engineer (Sep/Oct 2019)

This issue of Offshore Engineer is dedicated to Big Data and Digitalization

Archive
Subscribe

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week