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Norway’s Hydrocarbon Production Continues to Drop

Norway’s petroleum production totaled about six billion cubic feet of oil equivalent so far in 2023, with September figures slipping further compared to the previous month.

According to the data released by the Norwegian Petroleum Directorate (NPD), average production during September stood at 17.16 million cubic feet per day (MMcfpd). That slipped from the 22.32 MMcfpd the NPD reported for August. For September 2022, the NPD reported an average production of 21.01 MMcfpd.

The directorate also noted that the total production figure achieved in September 2023 was 22.4 percent below its forecast.

In barrel terms, the preliminary production figure for September 2023 was 1.797 million barrels of oil, natural gas liquids (NGLs) and condensate.

“Total gas sales were 6.0 billion Sm3 (GSm3), which is 3.6 (GSm3) lower than the previous month,” the NPD said in its announcement.

The directorate added that average daily liquids production in September was 1.644 million barrels of oil, 138,000 barrels of NGL and 15,000 barrels of condensate.

Oil production in September was 4.7 percent lower than the NPD’s forecast and 0.7 percent lower than the forecast so far this year.

The total petroleum production of about six billion cubic feet of oil equivalent so far in 2023 consisted of 2.73 billion cubic feet of oil, 342.5 million cubic feet of NGL and condensate and about 2.95 billion cubic feet of gas for sale, the NPD said in its report for September.

Source : Rigzone News

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