Norway's oil production to drop by 28.8%

Norwegian oil production will drop by 28.8% by 2018, with output slipping steadily from an estimated 2.44 million b/d in 2008 to 1.82 million b/d within 10 years, said analyst BMI.

With oil consumption forecast to decrease by 0.5%, Norway’s exports will slide from an estimated 2.22 million b/d to 1.60 million b/d during the forecast period, BMI said in its latest Norway Oil & Gas Report.
OGJ