Oslo — Norway’s oil production fell in January from the previous month, lagging official forecast by 6.6%, while gas production was also down, the Norwegian Petroleum Directorate (NPD) said on Wednesday.
Technical problems and maintenance work on some fields were the main reasons for the production to be below forecasts, it added in a statement.
Norway’s crude production in January stood at 1.64 million barrels per day (bpd), 6.8% down from December, but 12.1% up from a year ago.
The annual growth was boosted by the startup of Equinor’s giant Johan Svedrup oilfield last October.
The North Sea field was producing at around 350,000 barrels per day (bpd) at end-2019, and is expected to reach its Phase 1 peak output of 440,000 bpd in summer.
Daily natural gas output from Norway, Western Europe’s top supplier, fell by 2.9% month-on-month in January to 10.4 billion cubic metres from December, and lagged forecasts by 1.7%, NPD added.
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