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Norwegian oil and gas production remained slow in February, report says

After lower than expected production in January, Norway produced less oil and gas than the previous month and less than in February of last year.

By Brooks Hays
Preliminary data showed a modest decline in oil and gas production in Norway in February. Photo by Alf Ove Hansen/European Pressphoto Agency
Preliminary data showed a modest decline in oil and gas production in Norway in February. Photo by Alf Ove Hansen/European Pressphoto Agency

March 21 (UPI) -- Norway produced an average of 2 billion barrels of oil, liquefied natural gas and condensate in February -- less oil and gas than was produced in January. Production numbers were also less than those posted in February of last year.

According to the Norwegian Petroleum Directorate, February oil and gas production yielded 25,000 fewer barrels per day than January.

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On its own, oil production was up slightly in February at 1.62 million barrels of oil per day, compared to January's 1.6 million. So far, the year's oil production numbers are beating projections by 0.5 percent.

According to Platts, production numbers were depressed by unexpected outages at several of Norway's North Sea oil and gas wells, including the Oseberg, Kristin, Kvitebjorn and Troll fields.

"But supplies are still running at high levels," Platts reported.

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