A Review of the Nigerian Energy Industry

Norway rolls out barrels

Off Norway
Oil production off Norway.                               (Photo: Ole Jorgen Bratland/Statoil/Upstream

16 September 2015, News Wires – Norway’s oil production hit 1.56 million barrels per day last month, exceeding an official forecast.

The output figure was up 4% on the tally a year ago and 4.5% above the prognosis for the month of the Norwegian Petroleum  Directorate, even as oil prices have sunk to around $47 a barrel for Brent crude.

However, overall liquids production of 1.9 million bpd, including oil natural gas liquids and condensate, was down 37,000 bpd, or 2%, on the previous month while total gas sales of 9.7 billion cubic metres were unchanged.

Dominant state-owned operator is looking to maximise recovery from mature offshore fields such as Gullfaks to fully utilise existing infrastructure.


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