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World Oil: NPD releases production figures for May 2019
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World Oil: NPD releases production figures for May 2019
Business
Date posted: 21.06.2019
Category: Business News
STAVANGER — Preliminary production figures for May 2019 show an average daily production of 1,599,000 bbl of oil, NGL and condensate, which is a decrease of 120,000 bpd compared to April.
Total gas sales were 9.9 Bscm (Gsm3), which is a decrease of 0.1 Gsm3 from the previous month. Average daily liquids production in May was: 1,250,000 bbl of oil, 319,000 bbl of NGL and 29,000 bbl of condensate.
Oil production in May is 5.4% lower than the NPD’s forecast, and 2.5% below the forecast so far this year.
Read entire article HERE.