Preliminary numbers for the output of the Norwegian Continental Shelf indicate that the production during the first month of the calendar year surpassed expectations by 2.87%. Total production of the North Sea for the month of January 2014 summed to 19.5 million cubic meters (m3) according to the Norwegian Petroleum Directorate (NPD). However, the North Sea output declined on both year-on-year (decline of 1.61%) and month-on-month (decline of 1.06%) basis.
Oil output increased YoY
The numbers released by the NPD show an average daily production of about 1,948,000 barrels of oil, NGL and condensate. This was nearly 1.7% above previous month levels and 3.9% above January 2013 levels.
"The average daily liquid production in January was: 1 568 000 barrels of oil,...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full Article
