Norway's April Oil Output Lags Forecast

Published

© Jone Gundersen / Adobe Stock
© Jone Gundersen / Adobe Stock

Norway's oil production fell 8.8 percent year-on-year in April to 1.38 million barrels per day, lagging the official forecast for the month by 0.6 percent, Norway's Petroleum Directorate (NPD) said on Wednesday.

Including condensate and natural gas liquids (NGL), the overall liquids production stood at 1.729 million barrels of oil equivalents per day, lagging the NPD prediction by 1.3 percent.

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

Natural gas output in April rose 1.7 percent year-on-year to 338.9 million cubic metres per day, beating NPD's forecasts by 1.7 percent, it added. 


(Reporting by Terje Solsvik, editing by Nerijus Adomaitis)

Current News

Bangladesh Offers Sweetened Terms in Offshore Tender

Bangladesh Offers Sweetened Te

IKM Aconan to Deliver Drilling, Well Services for Vår Energi

IKM Aconan to Deliver Drilling

Unity Wins North Sea Decom Contracts, Expands Overseas

Unity Wins North Sea Decom Con

Denmark Receives Offshore Wind Bids as Tender Scheme Rebounds

Denmark Receives Offshore Wind

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine