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