Norway’s combined oil and gas production was broadly in line with an official forecast in December, the Norwegian Offshore Directorate (NOD) said on Tuesday.

Norway is Europe’s largest supplier of natural gas and a major producer of oil, but output varies from month to month depending on maintenance needs and other stoppages at more than 90 offshore fields.

Overall oil, condensate, natural gas liquids and gas output stood at 0.682 million standard cubic metres per day, equivalent to 4.29 million barrels of oil equivalent, a decrease of 5.3% year-on-year.
Source: Reuters