NPD releases October 2022 production figures

Source: press release, 22 November 2022

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

The Norwegian Petroleum Directorate (NPD) reports that preliminary production figures for October 2022 show an average daily production of 1 950 000 barrels of oil, NGL and condensate.

Total gas sales were 9.8 billion Sm3 (GSm3), which is an increase of 0.7 (GSm3) to the previous month.

Average daily liquids production in October was 1,745,000 barrels of oil, 187,000 barrels of NGL and 19,000 barrels of condensate.

Oil production in October is 7.3% lower than the NPD’s forecast and 5.4% lower than the forecast so far this year.

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

The total petroleum production so far in 2022 is about 192.06 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 80.7 MSm3 o.e. of oil, about 10.1 MSm3 o.e. of NGL and condensate and about 101.2 MSm3 o.e. of gas for sale.

The total volume is 0.6 MSm3 o.e. higher than in 2021.