NPD releases May 2019 production figures

Source: press release, 20 June 2019

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

Preliminary production figures from the Norwegian Petroleum Directorate (NPD) for May 2019 show an average daily production of 1,599,000 barrels of oil, NGL and condensate, which is a decrease of 120,000 barrels per day compared to April.

Total gas sales were 9.9 billion square metres (GSm3), which is a decrease of 0.1 GSmfrom the previous month. Average daily liquids production in May was: 1,250,000 barrels of oil, 319,000 barrels of NGL and 29,000 barrels of condensate.

Oil production in May is 5.4% lower than the NPD’s forecast, and 2.5% below 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.

The total petroleum production for the first 5 months in 2019 is about 93.4 million Smoil equivalents (MSmo.e.), broken down as follows: about 32.9 MSmo.e. of oil, about 8,6 MSmo.e. of NGL and condensate and about 51.9 MSmo.e. of gas for sale.

The total volume is 3.2 MSmo.e. lower than in 2018.