NPD releases February 2020 production figures

Source: press release, 12 March 2020

NCS production February 2020 (illustration: NPD)
NCS production February 2020 (illustration: NPD)

The Norwegian Petroleum Directorate (NPD) preliminary production figures for February 2020 show an average daily production of 2,106,000 barrels of oil, NGL and condensate, which is an increase of 129,000 barrels per day compared to January.

Total gas sales were 10.0 billion Sm3 (GSm3), which is a decrease of 0.5 GSm3 from the previous month.

Average daily liquids production in February was 1,749,000 barrels of oil, 330,000 barrels of NGL and 27,000 barrels of condensate.

Oil production in February is 0.7% lower than the NPD’s forecast, and 3.2% 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 2020 is about 39.9 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 16.2 MSm3 o.e. of oil, about 3.2 MSm3 o.e. of NGL and condensate and about 20.4 MSm3o.e. of gas for sale.

The total volume is 1.9 MSm3 o.e. higher than in 2019.