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)



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