Production figures February 2024

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20/03/2024 Preliminary production figures for February 2024 show an average daily production of 2 064 000 barrels of oil, NGL and condensate.

Total gas sales were 10.4 billion Sm3 (GSm3), which is 1.4 (GSm3) less than the previous month.

Average daily liquids production in February was: 1 832 000 barrels of oil, 213 000 barrels of NGL and 19 000 barrels of condensate.

Production figures February 2024

Oil
mill bbl/day
Sum liquid
mill bbl/day
Gas
MSm³/day
Total
MSm³ o.e/day
Production February 2024 1.765 2.003 360.4 0.679
 
Forecast for February 2024 1.778 2.024 367.3 0.689
Deviation from forecast -0.013 -0.021 -7 -0.010
Deviation from forecaset in % -0.7 % -1 % -1.9 % -1.5 %
 
Production January 2024 1.826 2.074 379.3 0.709
Deviation from January 2024 -0.061 -0.071 -19 -0.030
Deviation in % from January 2024 -3.3 % -3.4 % -5 % -4.2 %
 
Production February 2023 1.774 2.003 356.1 0.675
Deviation from February 2023 -0.009 0.000 4.3 0.004
Deviation in % from February 2023 -0.5 % 0 % 1.2 % 0.6 %

Oil production February 2024

Liquid production February 2024

Gas production February 2024

Oil production in February is 3.0 percent more than the NOD’s forecast and 2.4 percent more than the forecast so far this year.

The total petroleum production so far in 2024 is about 41.9 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 17.5 MSm3 o.e. of oil, about 2.3 MSm3 o.e. of NGL and condensate and about 22.1 MSm3 o.e. of gas for sale.

The total volume is 2.0 MSm3 o.e. higher than 2023.

Contact

Ola Anders Skauby

Director Communication, public affairs and emergency response

Tel: +47 905 98 519

Updated: 21/03/2024