Norway racked-up up its third consecutive year for production increases, the Norwegian Petroleum Directorate (NPD) today said.
The total petroleum production in 2016 was about 233.0 million Sm3 oil equivalents – 2.8 MSm3 o.e. higher than in 2015.
A NPD spokesperson said: “The oil production increased for the third consecutive year in 2016, and gas production was at the same level as the previous year, which was a record year for production. The high level is in part due to good regularity on the fields, and the fact that various efficiency measures have led to substantial reductions in operating and exploration costs.”
However, Norway’s production in December fell by approximately 60,000 barrels of oil per day.
Preliminary production figures for December 2016 show an average daily production of 2,094,000 barrels of oil, NGL and condensate – a 3% drop on November’s figures.
Total gas sales were 10.9 billion Sm3 (GSm3) which is an increase of 0.2 GSM3 from the previous month.
Average daily liquids production in December was 1,693,000 barrels of oil, 369,000 barrels of NGL and 32,000 barrels of condensate.
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