NPD releases February 2021 production figures

Source: press release, 19 March 2021

photo: NPD
photo: NPD

The Norwegian Petroleum Directorate (NPD) reports that preliminary production figures for February 2021 show an average daily production of 2,176,000 barrels of oil, NGL and condensate.

Total gas sales were 9.0 billion Sm3 (GSm3), which is a decrease of 1.2 GSm3 from the previous month.

Average daily liquids production in February was: 1,792,000 barrels of oil, 371,000 barrels of NGL and 13,000 barrels of condensate.

Oil production in February is 0.4% higher than the NPD’s forecast, and 0.1% higher than the forecast so far this year.

NCS production February 2021 (illustration: NPD)
NCS production February 2021 (illustration: NPD)

The total petroleum production for the first 2 months in 2021 is about 39.4 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 16.9 MSm3 o.e. of oil, about 3.3 MSm3 o.e. of NGL and condensate and about 19.2 MSm3o.e. of gas for sale.

The total volume is 0.4 MSm3 o.e. lower than in 2020.