The Norwegian Petroleum Directorate issued the preliminary production figures for May 2019, indicating an average daily production of 1,599,000 barrels of oil, NGL and condensate. These numbers are a decrease of 120,000 barrels per day in comparison to April.
More specifically, overall gas sales reached 9.9 billion Sm3 (GSm3), marking a reduction of 0.1 GSm3 from April. In addition, average daily liquids production in May was 1,250,000 barrels of oil, 319,000 barrels of NGL and 29,000 barrels of condensate.
[smlsubform prepend=”GET THE SAFETY4SEA IN YOUR INBOX!” showname=false emailtxt=”” emailholder=”Enter your email address” showsubmit=true submittxt=”Submit” jsthanks=false thankyou=”Thank you for subscribing to our mailing list”]
What is more, oil production in May is 5.4% less than the NPD’s forecast, and 2.5% lower than the forecast so far this year.
The main reasons that production in May was below forecast is technical problems and maintenance work on some fields
Norwegian Petroleum Directorate stated.
Furthermore, the total petroleum production for the first five months in 2019 is approximately 93.4 million Sm3oil equivalents (MSm3 o.e.), broken down as follows:
- 32.9 MSm3 o.e. of oil;
- 8,6 MSm3 o.e. of NGL and condensate;
- 51.9 MSm3 o.e. of gas for sale.
Finally, the total volume is 3.2 MSm3 o.e. less than in 2018.
Explore more in the following PDF
