Oil production picked up in January

oil industry climateOil industry.Photo: pixabay.com

Daily production of oil in January was 2.019,000 barrels of oil, NGL and condensate, showed preliminary production figures from the Norwegian Petroleum Directorate (OD) for January. This is an increase of 89,000 barrels compared to December last year.

 

The figure, on the other hand, is 0.1% below the OD’s forecast for January, and -0.4% during production in January 2017.

Furthermore, 11.3 billion cubic metres of gas (GSm3) were sold,which is 0.2 cubic metres more than in December.

Together in January, about 21.3 million standard cubic metres of oil equivalents (MSm3 o.e.) were produced on the Norwegian continental shelf.

© NTB Scanpix / #Norway Today

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