Norway's Oil Output in March Lower than Expected

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

New England States Move Forward with Three Giant Offshore Wind Farms

New England States Move Forwar

Subsea7 Reveals it is Supporting Shell's Vito Waterflood Project

Subsea7 Reveals it is Supporti

Norway Attracts 21 Bidders in Latest Oil and Gas Exploration Round

Norway Attracts 21 Bidders in

EU Grants Over $20M for Pilot Wave Energy Farm Offshore Portugal

EU Grants Over $20M for Pilot

Subscribe for OE Digital E‑News

Offshore Engineer Magazine