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    Home » Norway produced more oil, less gas than expected in May 1 MIN READ

    Norway produced more oil, less gas than expected in May 1 MIN READ

    June 20, 2020
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    Oslo — Norway’s oil production fell in May from the previous month but still exceeded official forecasts by 0.9%, the Norwegian Petroleum Directorate said on Friday.

    The country’s crude oil output fell by 2.1% month-on-month from April to 1.74 million barrels per day. The output year-on-year was up by 38.1%, thanks among other things to a ramp-up of Equinor’s giant Johan Sverdrup oilfield.

    Daily natural gas output fell by 12.4% month-on-month, missing the official forecast by 8.4% and was down 15.4% from a year ago.

    Overall monthly gas output in April totalled 8.2 billion cubic metres.

    Norway oil firms plan major new offshore field development

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