NPD releases October 2019 production figures

Source: press release, 19 November 2019

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

The Norwegian Petroleum Directorate has released the preliminary production figures for October 2019, which show an average daily production of 1,828,000 barrels of oil, NGL and condensate – an increase of 264,000 barrels per day compared to September.

Total gas sales were 9.3 billion Sm3 (GSm3), which is an increase of 3.3 GSm3 from the previous month.

Average daily liquids production in October was 1,519,000 barrels of oil, 279,000 barrels of NGL and 30,000 barrels of condensate.

Oil production in October is 4.5% higher than the NPD’s forecast, and 3.2% below the forecast so far this year.

The total petroleum production for the first 10 months in 2019 is about 175.5 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 65.1 MSm3 o.e. of oil, about 16,0 MSm3 o.e. of NGL and condensate and about 94.3 MSm3 o.e. of gas for sale.

The total volume is 15.1 MSm3 o.e. lower than in 2018.

Note: 6.29 barrels oil = 1 Sm3