LogIn LogOut

Norway's April Oil Output Lags Forecast

May 22, 2019

© Jone Gundersen / Adobe Stock
© Jone Gundersen / Adobe Stock

Norway's oil production fell 8.8 percent year-on-year in April to 1.38 million barrels per day, lagging the official forecast for the month by 0.6 percent, Norway's Petroleum Directorate (NPD) said on Wednesday.

Including condensate and natural gas liquids (NGL), the overall liquids production stood at 1.729 million barrels of oil equivalents per day, lagging the NPD prediction by 1.3 percent.

Technical problems at some fields were among the main reasons why production came in below forecast, NPD said.

Natural gas output in April rose 1.7 percent year-on-year to 338.9 million cubic metres per day, beating NPD's forecasts by 1.7 percent, it added. 

(Reporting by Terje Solsvik, editing by Nerijus Adomaitis)



Current News

SapuraEnergy Nets $179,6M in New Deals Across SE Asia

SapuraEnergy Nets $179,6M in New Deals Across SE Asia

KrisEnergy Suspends Wassana Oil Field Production 'Until Further Notice'

KrisEnergy Suspends Wassana Oil Field Production 'Until Further Notice'

Sinopec Adds More Oil Storage at Baishawan

Sinopec Adds More Oil Storage at Baishawan

Saudi Arabia, Russia Reach Deal on Oil Output Cut Extension

Saudi Arabia, Russia Reach Deal on Oil Output Cut Extension

China: Empyrean Gets More Time to Drill at 29/11 offshore block

China: Empyrean Gets More Time to Drill at 29/11 offshore block

Shell Weighs Sale of $2B-plus Share in Queensland LNG

Shell Weighs Sale of $2B-plus Share in Queensland LNG

Oil Gains, with Brent above $40

Oil Gains, with Brent above $40

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com