Norway’s August oil and gas output surpasses forecasts

Norway's oil and gas production in August 2025 surpassed forecasts, according to the Norwegian Offshore Directorate (NoD).

The combined output exceeded projections by 2.6%, with an average daily production of 2.12 million barrels (mbbl) of oil, natural gas liquids (NGL) and condensate.

Gas sales reached 10.3 billion standard cubic metres (bscm), a slight increase from the previous month.

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Oil production alone outperformed expectations, registering a 7% increase over the NoD's forecast and a 3.7% rise compared to the yearly forecast.

The daily average for liquid production included 1.92mbbl of oil, 187,000 barrels of NGL and 13,000 barrels of condensate.

According to Reuters’ report, Norway, a significant supplier of natural gas to Europe, saw production fluctuate due to maintenance and operational hurdles across nearly 100 offshore fields.

The total petroleum output for 2025 to date stands at approximately 158 million standard cubic metres (mscm) of oil equivalents.

This includes 69.7mscm of oil, 7.8mscm of NGL and condensate, and 80.5mscm of gas for sale.

Despite a reduction in natural gas production to 332 million cubic metres per day (mcm/d) from 349mcm/d a year ago, it surpassed the forecast of 328.3mcm by 1.2%.

Crude oil output increased to 1.92 million barrels per day (mbbl/d) of oil, compared to 1.78mbbl/d in August of the previous year, exceeding the forecast of 1.8mbbl/d.

Earlier this year, Norway achieved record natural gas exports from the Norwegian Continental Shelf, maintaining levels of production not seen since 2009.

Gas production peaked at 124bscm, surpassing the 2022 total of 122.8bscm.

Overall production in 2024 was approximately 240mscm of oil equivalent, equating to 1.51 billion barrels of oil equivalent.

"Norway’s August oil and gas output surpasses forecasts" was originally created and published by Offshore Technology, a GlobalData owned brand.

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