NPD releases November 2018 Production figures

Source: press release, 19 December 2018

NCS production, November 2018
NCS production, November 2018 (illustration: NPD)

The Norwegian Petroleum Directorate (NPD) reports that preliminary production figures for November 2018 show an average daily production of 1,880,000 barrels of oil, NGL and condensate, which is an increase of 22,000 barrels per day compared to October.

Total gas sales were 10.2 billion Sm3(GSm3), which is a decrease of 0.3 GSmfrom the previous month.

Average daily liquids production in November was: 1,500,000 barrels of oil, 351,000 barrels of NGL and 29,000 barrels of condensate.

Oil production for November is about 4% below the NPD’s forecast for the month and about 4.5% below the forecast for 2018.

The main reasons that production in November was below forecast is the shutdown of the Sture oil terminal and the Kollsnes gas processing plant after a collision between a crude tanker with a military vessel and technical problems on some fields.

The total petroleum production for the first 11 months in 2018 is about 209,2 million Smoil equivalents (MSmo.e.), broken down as follows: about 78.8 MSmo.e. of oil, about 19.5 MSmo.e. of NGL and condensate and about 110.9 MSmo.e. of gas for sale.

The total volume is 8.6 MSmo.e. lower than in 2017.