Norway's oil production declined in January

Feb 12, 2010 01:00 AM

Oil production fell to 1.994 mm bpd in January from 1.998 mm barrels in December, while net gas output rose to 10.6 bn cm from 10 bn cm, according to preliminary figures published recently by the Norwegian Petroleum Directorate. The country pumped about 346,000 bpd of condensate and natural-gas liquids.
Norway, the world's second-biggest gas exporter, discovered oil 40 years ago and many existing fields are being depleted. Oil output peaked between 2000 and 2001 and is forecast to drop 6 % this year to about 1.87 mm bpd, the directorate estimates. Gas output is forecast to rise to 105 bn cm.

Oil production for 2009 fell 7.2 % to 115.5 mm cm, while gas output rose 4.2 % to 103.4 bn cm, the directorate said.
Norway ranks behind Saudi Arabia, Russia, the United Arab Emirates, Iran and Kuwait in oil exports. It's the second- biggest exporter of natural gas.

Following is a table of final data for Norway's oil and gas production in December. All figures are in cm of oil equivalent, where 1 cm of oil equivalent equals 1,000 cm of gas. One cm of oil equals 6.29 barrels.
-- Crude oil production in cm: 9.8 mm;
-- Natural-gas production in cm: 10.0 bn;
-- NGL and condensate in cm: 1.8 mm.

Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« October 2019 »
October
MoTuWeThFrSaSu
1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31

Register to announce Your Event

View All Events