Norway's June Production Lags Forecast

Published

(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

AF Offshore Secures North Sea Decom Job

AF Offshore Secures North Sea

Island Offshore’s Hybrid OECV Hits Water at Vard Yard in Romania (Video)

Island Offshore’s Hybrid OECV

Jumbo Offshore Wraps Up Errea Wittu FPSO Mooring Pre-Lay in Guyana

Jumbo Offshore Wraps Up Errea

Petronas Takes Operatorship of Oman’s Offshore Block 18

Petronas Takes Operatorship of

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine