Norwegian production is decreasing, according to preliminary output figures released by the Norwegian Petroleum Directorate.
Norwegian production is decreasing, according to preliminary output figures released Wednesday by the Norwegian Petroleum Directorate.
Average daily production comprised 1.98 million barrels of oil, NGL and condensate, last month, which marked a decrease of 128,000 barrels per day compared to April.
In May, average daily liquids production was 1.61 million barrels of oil, 349,000 barrels of NGL and 18,000 barrels of condensate.
Oil production was about 2.8 percent above the oil production in May last year and around 1.9 percent above the NPD’s prognosis for May 2017. The oil production is about 1.9 percent above the prognosis so far this year.
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