Norway closes 2016 with 5.5% higher production

Preliminary data from the Norwegian Oil Board showed that Norway’s oil production rose 3.5% in December 2016, compared to the same period in 2015. The result exceeded the official projections for the month at about 9% and the total of the year at 5.5%.

In a statement, the Norwegian Agency said that production grew in the country for the third consecutive year, while the gas was on the same level as the previous year, which was record in production. “The high level is partly due to good regularity of fields and the fact that efficiency measures have led to substantial reductions in operating costs and operation,” says part of the text.


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