NPD releases December 2022 production figures

Source: press release, 20 January 2023

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

The Norwegian Petroleum Directorate (NPD) reports that preliminary production figures for December 2022 show an average daily production of 1,983,000 barrels of oil, NGL and condensate.

Total gas sales were 11.1 billion Sm3 (GSm3), which is an increase of 0.7 (GSm3) to the previous month.

Average daily liquids production in December was 1,773,000 barrels of oil, 191,000 barrels of NGL and 19,000 barrels of condensate.

Oil production in December is 9.7% lower than the NPD’s forecast and 6.1% 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 in 2022 was about 233,8 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 97.8 MSm3 o.e. of oil, about 12.2 MSm3 o.e. of NGL and condensate and about 123.7 MSm3 o.e. of gas for sale.

The total volume was 1.1 MSm3 o.e. higher than in 2021.