Meanwhile, average daily liquids production in October was: 1,499,000 barrels of oil, 346,000 barrels of NGL and 29,000 barrels of condensate.
Oil production for October is about 5% below the NPD’s forecast for the month and about 4.5% below the forecast for 2018. The main reasons that production in October was below forecast is technical problems on some fields.
The total petroleum production for the first ten months in 2018 is about 191,0 million Sm3oil equivalents (MSm3 o.e.), broken down as follows:
- about 71.7 MSm3 o.e. of oil,
- about 17.7 MSm3 o.e. of NGL and condensate and
- about 101.6 MSm3 o.e. of gas for sale.
The total volume is 7.1 MSm3 o.e. lower than in 2017.