OSLO (Reuters) -Norway's combined oil and gas production exceeded an official forecast by 3.9% in July, the Norwegian Offshore Directorate (NOD) said on Wednesday. Norway is Europe's largest supplier
Norway pumped more oil and gas than forecast in July
Norway's Oil and Gas Production Overview
OSLO (Reuters) -Norway's combined oil and gas production exceeded an official forecast by 3.9% in July, the Norwegian Offshore Directorate (NOD) said on Wednesday.
Natural Gas Production Trends
Norway is Europe's largest supplier of natural gas and a major producer of oil, but output varies from month to month depending on maintenance needs and other stoppages at more than 90 offshore fields.
Crude Oil Output Increase
Overall oil, condensate, natural gas liquids and gas output stood at 0.672 million standard cubic metres per day, equivalent to 4.23 million barrels of oil equivalent, a decrease of 2.9% year-on-year.
Year-on-Year Comparisons
Natural gas production in July fell to 328.3 million cubic metres (mcm) per day from 360.7 mcm a year earlier, but exceeded a forecast of 321.2 mcm by 2.2%, the regulator said on its website.
Crude oil output rose to 1.96 million barrels per day (bpd) in July from 1.83 million bpd in the same month last year, and came in above a forecast of 1.81 million bpd, NOD's preliminary data showed.
(Reporting by Terje Solsvik, editing by Nora Buli)
