Norway’s Oil Output Fell 7.3% in August From a Month Earlier

(Bloomberg) — Norway, the world’s fifth-largest oil exporter, said crude production in August decreased 7.3 percent from a month earlier.

Output averaged 2.111 million barrels a day, compared with 2.277 million barrels a day in July, according to a statement posted today on the Web site of the Norwegian Petroleum Directorate, which oversees the nation’s oil industry. The figures for August are preliminary.


Norway pumped about 319,000 barrels a day of condensate and natural-gas liquids in August, the directorate estimated. That compares with 329,000 barrels a day the month before.

Oil output is declining at Norway’s aging North Sea fields, prompting the development of gas deposits such as Ormen Lange in the Norwegian Sea and the Barents Sea Snohvit field.

Bloomberg