Production Figures May 2024 in Norway

Source: www.gulfoilandgas.com 6/20/2024, Location: Europe

Preliminary production figures for May 2024 show an average daily production of 1 932 000 barrels of oil, NGL and condensate.

Total gas sales were 10.0 billion Sm3 (GSm3), which is 0.4 (GSm3) less than the previous month.

Average daily liquids production in May was: 1 689 000 barrels of oil, 223 000 barrels of NGL and 19 000 barrels of condensate.

Production figures May 2024:
Production May 2024
Oil mill bbl/day: 1.689
Sum liquid mill bbl/day: 1.932
Gas MSm³/day: 322.6
Total MSm³ o.e/day: 0.630

Forecast for May 2024
Oil mill bbl/day: 1.641
Sum liquid mill bbl/day: 1.871
Gas MSm³/day: 315.4
Total MSm³ o.e/day: 0.613

Deviation from forecast
Oil mill bbl/day: 0.048
Sum liquid mill bbl/day: 0.061
Gas MSm³/day: 7.2
Total MSm³ o.e/day: 0.017

Deviation from forecaset in %
Oil mill bbl/day: 2.9 %
Sum liquid mill bbl/day: 3.3 %
Gas MSm³/day: 2.3 %
Total MSm³ o.e/day: 2.8 %

Production April 2024
Oil mill bbl/day: 1.839
Sum liquid mill bbl/day: 2.091
Gas MSm³/day: 346.8
Total MSm³ o.e/day: 0.679

Deviation from April 2024
Oil mill bbl/day: -0.150
Sum liquid mill bbl/day: -0.159
Gas MSm³/day: -24.3
Total MSm³ o.e/day: -0.049

Deviation in % from April 2024
Oil mill bbl/day: -8.2 %
Sum liquid mill bbl/day: -7.6 %
Gas MSm³/day: -7 %
Total MSm³ o.e/day: -7.2 %

Production May 2023
Oil mill bbl/day: 1.783
Sum liquid mill bbl/day: 2.002
Gas MSm³/day: 276
Total MSm³ o.e/day: 0.594

Deviation from May 2023
Oil mill bbl/day: -0.094
Sum liquid mill bbl/day: -0.070
Gas MSm³/day: 46.6
Total MSm³ o.e/day: 0.036

Deviation in % from May 2023
Oil mill bbl/day: -5.3 %
Sum liquid mill bbl/day: -3.5 %
Gas MSm³/day: 16.9 %
Total MSm³ o.e/day: 6.1 %

Oil production in May is 2.9 percent more than the NOD’s forecast and 2.6 percent more than the forecast so far this year.

The total petroleum production so far in 2024 is about 103.2 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 43.2 MSm3 o.e. of oil, about 5.9 MSm3 o.e. of NGL and condensate and about 54.0 MSm3 o.e. of gas for sale.

The total volume is 3.7 MSm3 o.e. higher than 2023.


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