Correction of production figures October 2022

Prod-tall-illustrasjonsbilde-plattform-Morten-Berentsen — Illustration photo.

25/11/2022 NPD has made an adjustment to the preliminary gas-production figures for October.

The reason for the correction is missing numbers in the basis for calculation.

Preliminary production figures for October 2022 show an average daily production of 1 950 000 barrels of oil, NGL and condensate,

Total gas sales were 10.8 billion Sm3 (GSm3), which is an increase of 1.7 (GSm3) to the previous month.

Average daily liquids production in October was: 1 745 000 barrels of oil, 187 000 barrels of NGL and 19 000 barrels of condensate.

Oil production in October is 7.3 percent lower than the NPD’s forecast and 5.4 percent lower than the forecast so far this year. The forecasts for gas and NGL have been updated in line with the Governments prognosis for production in the revised national budget.

Production figures October 2022

		Oil mill bbl/day	Sum liquid mill bbl/day	Gas MSm³/day	Total MSm³ o.e/day
Production	October 2022	1.750	1.971	349.4	0.663

Forecast for	October 2022	1.882	2.141	352.4	0.693
Deviation from forecast		-0.132	-0.170	-3.1	-0.030
Deviation from forecaset in %		-7 %	-7.9 %	-0.9 %	-4.3 %

Production	September 2022	1.640	1.835	303.3	0.595
Deviation from	September 2022	0.110	0.136	46	0.068
Deviation in % from	September 2022	6.7 %	7.4 %	15.2 %	11.4 %

Production	October 2021	1.818	2.065	344.4	0.673
Deviation from	October 2021	-0.068	-0.094	4.9	-0.010
Deviation in % from	October 2021	-3.7 %	-4.6 %	1.4 %	-1.5 %

Oil production October 2022

Liquid production October 2022

Gas production October 2022

The total petroleum production so far in 2022 is about 193.0 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 80.7 MSm3 o.e. of oil, about 10.1 MSm3 o.e. of NGL and condensate and about 102.2 MSm3 o.e. of gas for sale.

The total volume is 1.5 MSm3 o.e. higher than in 2021.