Norway’s oil and natural gas output climbed in October both on a monthly and yearly basis, although production remained below the forecasted ramp up rate, according to the Norwegian Petroleum Directorate (NPD)

The NPD’s production report for the month showed that crude oil production rose to 1.745 million barrels per day in October, up from an average of 1.64 bpd in September, but short of the forecast 1.88 million bpd.

On a yearly basis, the output in Norway fell short of 2021 October levels, when production came at 1.82 million barrels per day.

Johan Sverdrup oilfield platforms in the North Sea, Norway Photo: REUTERS/Scanpix

Gas production for October averaged 348.55 million cubic metres per day, up from 303 MMcmd in September, when Norwegian gas output was heavily impacted by maintenance works having taken place at several assets on the continental shelf (NCS).

But gas output also fell short of the forecast 352.42 MMcmd as Norwegian producers, despite efforts to respond to higher levels of demand from European customers since the Russian invasion of Ukraine.

Under pre-war conditions, Norway managed to supply Europe with 344.42 MMcmd in October last year.

Total gas sales for the month of October came to 10.8 Bcm, climbing up from 9.1 Bcm in September.

Natural gas production for September also falling short of the 323.9 MMcmd that was forecast for that month.

NPD has made an adjustment to the preliminary gas-production figures for October triggered by missing numbers in the basis for calculation.

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