NPD releases February 2019 production figures

Source: press release, 15 March 2019

NCS production, February 2019
NCS production, February 2019 (illustration: NPD)

Preliminary production figures from the Norwegian Petroleum Directorate (NPD) for February 2019 show an average daily production of 1,745,000 barrels of oil, NGL and condensate, which is a decrease of 75,000 barrels per day compared to January.

Total gas sales were 10.2 billion Sm(GSm3), which is a decrease of 0.9 GSmfrom the previous month.

Average daily liquids production in February was: 1,388,000 barrels of oil, 328,000 barrels of NGL and 30,000 barrels of condensate.

Oil production in February is 3.6% lower than the NPD’s forecast, and about 2.0% below the forecast so far this year.

The main reasons that production in February was below forecast is technical problems on some fields.

The total petroleum production for the first two months in 2019 is about 38.0 million Smoil equivalents (MSmo.e.), broken down as follows: about 13.4 MSmo.e. of oil, about 3.4 MSmo.e. of NGL and condensate and about 21.3 MSmo.e. of gas for sale.

The total volume is 1.8 MSmo.e. lower than in 2018.