Norwegian oil output falls to 2.209 mln barrels a day in December

OSLO (Thomson Financial) – The Norwegian Petroleum Directorate said on Wednesday that Norway’s oil output in December dropped to a preliminary 2.209 mln barrels per day on average compared with 2.212 mln in November.

…It gave no reasons for the decline in the December number.


The Norwegian Petroleum Directorate in December said that crude oil production on the Norwegian Continental Shelf is declining more rapidly than the oil companies had previously expected, adding that something needs to be done.

The directorate said players on the NCS were generally overoptimistic after key fields went into decline.

Forbes