NPD releases production figures for May 2019

6/20/2019

STAVANGER -- Preliminary production figures for May 2019 show an average daily production of 1,599,000 bbl of oil, NGL and condensate, which is a decrease of 120,000 bpd compared to April.

Total gas sales were 9.9 Bscm (Gsm3), which is a decrease of 0.1 Gsm3 from the previous month. Average daily liquids production in May was: 1,250,000 bbl of oil, 319,000 bbl of NGL and 29,000 bbl of condensate.

Oil production in May is 5.4% lower than the NPD’s forecast, and 2.5% below the forecast so far this year.

The main reasons that production in May was below forecast is technical problems and maintenance work on some fields.

The total petroleum production for the first five months in 2019 is about 93.4 MMscm oil equivalents (MMscm o.e.), broken down as follows: about 32.9 MMscm o.e. of oil, about 8.6 MMscm o.e. of NGL and condensate and about 51.9 MMscm o.e. of gas for sale.

The total volume is 3.2 MMscm o.e. lower than in 2018.

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