NW Europe production lower than expected

08/30/1999
Northwest Europe's offshore oil and NGL production during first half 1999 showed an increase from the same period last year but fell short of expectations.This is the view of Wood Mackenzie Consultants Ltd., Edinburgh, which said that combined offshore oil and NGL output averaged 6.03 million b/d in the first 6 months of the year vs. an expected 6.49 million b/d.The analyst said that, despite the first-half shortfall, the region's overall offshore production is expected to rise substantially by yearend, to give a forecast average of 6.2 million b/d for all of 1999."Despite the shortfall in the first half of 1999," said Wood Mackenzie, "production is forecast to increase substantia...
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