Norway's Oil and Gas Production Beats Forecasts

April 22, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Norwegian production figures show offshore production is accelerating, with both gas and oil output levels beating government forecasts.

The Norwegian Offshore Directorate (NOD), the nation's energy regulator, on Friday published offshore production data for March. Data show production averaged 1.84 million barrels per day (BBL/d) in oil and another 12.8 billion cubic feet (Bcf/d) per day in natural gas. Oil production was 4.5% higher than the government expected, while gas production was 1% above forecast.