Global Leader in International North Sea Oil Industry News

posted in:

NPD announces record gas sales in January

Friday, Mar 16, 2012

In January, 11.2 billion standard cubic metres of gas was sold from the Norwegian shelf. The figure is the highest of all time.

“One important factor for the record-high sales is that it is winter and there is a great demand for gas in the market – and the Norwegian shelf has a considerable delivery capacity,” says deputy director general Johannes Kjøde.

For instance, the Gjøa field in the North Sea will continue full force again following a period of reduced production due to problems with vibrations from the risers.

The Norwegian Petroleum Directorate expects the gas sales from the Norwegian shelf to remain high in the future:

“We expect gas sales to remain at about the same level as in 2010, or maybe higher. Last year the gas sale declined somewhat, without any clear reason for this in the market. We expected increase compared with 2011 is 5,4 billion Sm3. According to the NPD's forecast, 2012 will be a new peak year”, says Kjøde. 

Source: NPD

To access over 2,700 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other North Sea Oil News

Hydrasun invests to support Subsea intervention operations 22-04-2014
Deepsea Atlantic resumes operations after special periodic survey 22-04-2014
McDermott Signs Agreement for North Sea Spoolbase 18-04-2014
DNV GL Oil & Gas to expand footprint in West Norway 16-04-2014
Drilling permit for well 25/8-18 S in production licence 169 14-04-2014
Shell shelves compression project for key North Sea gas field 14-04-2014
Substantial assets remain on the Norwegian shelf 04-04-2014
Joint project improves North Sea drilling efficiency, report claims 03-04-2014
ITWORX wins £500,000 of new business in first quarter of 2014 31-03-2014
Northern Offshore announces exercise of contract option for jackup Energy Enhancer 31-03-2014