The North Sea oil output for the month of November was down -0.7%YoY and was also 4.1% below forecasted levels. The total output for the month of November stood at 18.52 million cubic meters (scm) or 116.5 million barrels of oil equivalent (boe) versus 18.65 million scm in the same period last year.
The shrinkage was primarily driven by the decline in the output of gas. While the total petroleum liquids production was up 5.3%YoY, gas production was down 5.8%, dragging down the total output of the area. Liquids production grew significantly during the...


