Norway's May Oil Output Down, But Still Above Forecast

Terje Solsvik
Friday, June 19, 2020

Norway's oil production fell in May from the previous month but still exceeded official forecasts by 0.9%, the Norwegian Petroleum Directorate said on Friday.

The country's crude oil output fell by 2.1% month-on-month from April to 1.74 million barrels per day. The output year-on-year was up by 38.1%, thanks among other things to a ramp-up of Equinor's giant Johan Sverdrup oilfield.

Daily natural gas output fell by 12.4% month-on-month, missing the official forecast by 8.4% and was down 15.4% from a year ago.

Overall monthly gas output in April totaled 8.2 billion cubic meters. 

(Reporting by Terje Solsvik; editing by Nerijus Adomaitis)


Categories: Energy Offshore Energy Activity Europe Production

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