NPD releases August 2022 production figures

Source: press release, 21 September 2022

Oil production in 2022 (illustration: NPD)
Oil production in 2022 (illustration: NPD)

The Norwegian Petroleum Directorate (NPD) reports that preliminary production figures for August 2022 show an average daily production of 1,998,000 barrels of oil, NGL and condensate.

Total gas sales were 10.8 billion Sm3 (GSm3), which is an decrease of 0.1 GSm3 to the previous month.

Average daily liquids production in July was 1,774,000 barrels of oil, 205,000 barrels of NGL and 19,000 barrels of condensate.

Oil production in August is 3.1% lower than the NPD’s forecast and 4.7% lower than the forecast so far this year.

The forecasts for gas and NGL have been updated in line with the Government’s prognosis for production in the revised national budget.

The total petroleum production so far in 2022 is about 154.7 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 67.4 MSm3 o.e. of oil, about 8.1 MSm3 o.e. of NGL and condensate and about 82.4 MSm3 o.e. of gas for sale.

The total volume is 2.6 MSm3 o.e. higher than in 2021.