NPD releases March 2020 production figures

Source: press release, 17 April 2020

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

The Norwegian Petroleum Directorate (NPD) preliminary production figures for March 2020 show an average daily production of 2,038,000 barrels of oil, NGL and condensate, which is a decrease of 64,000 barrels per day compared to February.

Total gas sales were 10.7 billion Sm3 (GSm3), which is an increase of 0.7 GSm3 from the previous month.

Average daily liquids production in March was: 1,682,000 barrels of oil, 328,000 barrels of NGL and 27,000 barrels of condensate.

Oil production in March is 4.4% lower than the NPD’s forecast, and 3.4% below the forecast so far this year.

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

The total petroleum production for the first three months in 2020 is about 60.5 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 24.6 MSm3 o.e. of oil, about 4.9 MSm3 o.e. of NGL and condensate and about 31.0 MSm3o.e. of gas for sale.

The total volume is 2.9 MSm3 o.e. higher than in 2019.