Norway February Gas Production Above Expectations

Preliminary figures for February 2015 indicate that Norwegian gas production was above expectations, remaining on the levels registered in January. The country produced in February 2015 around 10% more gas than in February 2014. 

‘The total petroleum production for the first two months in 2015 is about 38.5 million Sm3 oil equivalents. (MSm3 o.e.), broken down as follows: about 14.5 MSm3 o.e. of oil, about 3.6 MSm3 o.e. of NGL and condensate and about 20.4 MSm3 o.e. of gas for sale. The total volume is 1.1 MSm3 o.e. higher than for the same period in 2014’ reads the note released by the Norwegian Petroleum Directorate on Thursday. 

Also on Thursday, Statoil announced a drilling stoppage for a minimum of six months on Veslefrikk in block 30/3 of the northern part of the North Sea. 

‘The stoppage is due to the time that will be needed to interpret new seismic data, which can help in bringing profitable new drilling targets on the field to maturity’ the company wrote on its website.