Preliminary production figures for September 2020 show an average daily production of 1 772 000 barrels of oil, NGL and condensate.
Average daily liquids production in September was: 1 486 000 barrels of oil, 268 000 barrels of NGL and 18 000 barrels of condensate.
On 29 April 2020, the Government decided to implement a cut in Norwegian oil production.
The production figures for oil in September include this cut of 134 000 barrels per day in the second half of 2020.
The Norwegian Petroleum Directorate’s oil production forecasts have been updated in the Government’s proposed Revised National Budget for 2020.
This was presented on 12 May. The update takes the authorities’ oil production regulation into account, as well as delayed start-up of fields under development and oil production in the first quarter.
Oil production in September is 13.8 percent lower than the NPD’s forecast, and 1.6 percent below the forecast so far this year.
The main reasons that production in September was below forecast is maintenance work and technical problems on some fields.
Production September 2020
Oil production 2020
Liquid production 2020
Gas production 2020
The total petroleum production for the first nine months in 2020 is about 170.4 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 73.2 MSm3 o.e. of oil, about 13.8 MSm3 o.e. of NGL and condensate and about 83.4 MSm3 o.e. of gas for sale.
The total volume is 13.2 MSm3 o.e. higher than in 2019.
There are vast proven gas resources on the Norwegian shelf which are currently without development plans. Much of this gas is located in tight reservoirs – which makes it difficult to produce.
The Norwegian Petroleum Directorate (NPD) has conducted a mapping of gas resources that, for various reasons, have yet to be developed. Several of these discoveries could be produced in a manner that is profitable from a socio-economic perspective.
The Norwegian Petroleum Directorate (NPD) has granted Harbour Energy Norge AS drilling permit for well 15/9-25 in production licence 1138, cf. Section 13 of the Resource Management Regulations.
The Norwegian Petroleum Directorate (NPD) is changing its name to the Norwegian Offshore Directorate as of 1 January 2024. The new name reflects the additional responsibilities assigned to the directorate in recent years.
The Norwegian Petroleum Directorate (NPD) has granted Equinor Energy ASA drilling permit for well 35/11-28 S in production licence 248 C, cf. Section 13 of the Resource Management Regulations.
The Norwegian Petroleum Directorate (NPD) has granted Neptune Energy Norge AS drilling permit for well 35/6-4 A in production licence 929, cf. Section 13 of the Resource Management Regulations.