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World Oil: NPD reports production figures for January 2019


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World Oil: NPD reports production figures for January 2019

Business

Category: Business and Investment News

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Chart: Norwegian Petroleum Directorate.

STAVANGER — Preliminary production figures for January 2019 show an average daily production of 1,8 MMbbl of oil, NGL and condensate, which is a decrease of 30 Mbp day compared to December 2018.

Total gas sales were 11.2 billion Sm3 (GSm3), which is an increase of 0.5 GSm3 from the previous month.

Average daily liquids production in January was: 1.4 MMbbl of oil, 333 Mbbl of NGL and 28 Mbbl of condensate.

Oil production is approx. 0.5% lower than the NPD’s forecast.

Read the entire article HERE.

Source: World Oil