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NPD announces preliminary production figures for May 2018

Gasoil News - Published on Thu, 21 Jun 2018

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Preliminary production figures for May 2018 show an average daily production of 1 629 000 barrels of oil, NGL and condensate, which is a decrease of 236 000 barrels per day compared to April. Total gas sales were 9.6 billion Sm3 (GSm3), which is a decrease of 0.5 GSM3 from the previous month.

Average daily liquids production in May was: 1 293 000 barrels of oil, 307 000 barrels of NGL and 29 000 barrels of condensate.

Oil production is approx. 11 percent lower than the NPD’s forecast, and about 5.0 percent below the forecast this year. The main reasons that production in May was below forecast is maintenance work and technical problems on some fields.

The total petroleum production for the first five months in 2018 is about 97.1 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 36.0 MSm3 o.e. of oil, about 8.9 MSm3 o.e. of NGL and condensate and about 52.1 MSm3 o.e. of gas for sale.

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Posted By : Nanda Koijam on Thu, 21 Jun 2018
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