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Norway's April Oil Output Lags Forecast

By  AOG Staff Wednesday, 22 May 2019 04:18
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Norway's oil production fell 8.8 percent year-on-year in April to 1.38 million barrels per day, lagging the official forecast for the month by 0.6 percent, Norway's Petroleum Directorate (NPD) said on Wednesday.

© Jone Gundersen / Adobe Stock
© Jone Gundersen / Adobe Stock

Including condensate and natural gas liquids (NGL), the overall liquids production stood at 1.729 million barrels of oil equivalents per day, lagging the NPD prediction by 1.3 percent.

Technical problems at some fields were among the main reasons why production came in below forecast, NPD said.

Natural gas output in April rose 1.7 percent year-on-year to 338.9 million cubic metres per day, beating NPD's forecasts by 1.7 percent, it added. 

(Reporting by Terje Solsvik, editing by Nerijus Adomaitis)

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