Norway's Oil Production in March is Higher than the NPD’s Forecast

Source: www.gulfoilandgas.com 4/20/2021, Location: Europe

Norway's preliminary production figures for March 2021 show an average daily production of 2,094,000 barrels of oil, NGL and condensate.

Total gas sales were 9.8 billion Sm3 (GSm3), which is an increase of 0.8 GSm3 from the previous month.

Average daily liquids production in March was: 1,773,000 barrels of oil, 309,000 barrels of NGL and 12,000 barrels of condensate.

Oil production in March is 0.7 percent lower than the NPD’s forecast, and 0.2 percent lower than the forecast so far this year.

The total petroleum production for the first three months in 2021 is about 59.2 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 25.6 MSm3 o.e. of oil, about 4.5 MSm3 o.e. of NGL and condensate and about 29.0 MSm3 o.e. of gas for sale.

The total volume is 1.5 MSm3 o.e. lower than in 2020.


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