Norway’s oil and gas production fell behind the Norwegian Petroleum Directorate’s predictions in November 2022 and is lower than the figures from October 2022. However, the country’s oil and gas production is still slightly higher than last year.
Based on the NPD’s recent report, preliminary production figures for November 2022 show an average daily production of 1 946 000 barrels of oil, NGL and condensate.
Total gas sales were 10.4 billion Sm3 (GSm3), which is a decrease of 0.4 (GSm3) from the previous month .
Average daily liquids production in November was: 1 740 000 barrels of oil, 187 000 barrels of NGL and 19 000 barrels of condensate.
Oil production in November is 8.7 per cent lower than the NPD’s forecast and 5.7 per cent lower than the forecast so far this year. The forecasts for gas and NGL have been updated in line with the government’s prognosis for production in the revised national budget.
Production figures November 2022
The total petroleum production so far in 2022 is about 212.8 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 89.0 MSm3 o.e. of oil, about 11.1 MSm3 o.e. of NGL and condensate and about 112.7 MSm3 o.e. of gas for sale. The total volume is 1.4 MSm3 o.e. higher than in 2021.