NPD: July oil production highest level in 5 years

The Norwegian Petroleum Directorate reported that Norway’s oil production in July reached its highest level in 5 years because many fields were “producing above prognosis.”

The Norwegian Petroleum Directorate reported that Norway’s oil production in July reached its highest level in 5 years because many fields were “producing above prognosis.”

Oil output of 1.728 million b/d was 10% above July 2015 and about 18% above this past June, which had 1.449 million b/d.

The July liquids total averaged 2.136 million b/d after combining the oil number with 375,000 b/d of natural gas liquids and 33,000 b/d of condensate.

Total gas sales in July were 9.1 billion cu m, up from 8.2 billion cu m in June.

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