Norway's Oil Output in March Lower than Expected

Published

Photo: Espen Rønnevik / Øyvind Gravås – Equinor)
Photo: Espen Rønnevik / Øyvind Gravås – Equinor)

Norway's oil production fell in March from the previous month, missing official forecasts by 4.4% due to technical problems at some fields, the Norwegian Petroleum Directorate said on Friday.

The country's crude oil output was down by 4.5% month-on-month from February to 1.68 million barrels per day. The output year-on-year, however, was up by 21%, mainly thanks to the ramp-up of Equinor's giant Johan Sverdrup oilfield.

Daily natural gas output rose by 1.1% month-on-month, more than officially forecast, but it was 2% down from a year ago. Overall monthly gas output in March totaled 10.7 billion cubic meters.

(Reporting by Nerijus Adomaitis, editing by Gwladys Fouche)

Current News

Trump Calls Out California, UK Energy Deal

Trump Calls Out California, UK

DOF Group ASA Awarded Contract in Argentina

DOF Group ASA Awarded Contract

Jifmar, Seavium Partner to Roll Out AI Across Offshore Fleet

Jifmar, Seavium Partner to Rol

DUG Hooks Multi-Client Seismic Reprocessing Survey off Malaysia

DUG Hooks Multi-Client Seismic

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine