Norway’s August oil and gas output surpasses forecasts

Core Insights - Norway's oil and gas production in August 2025 exceeded forecasts by 2.6%, with an average daily production of 2.12 million barrels of oil, natural gas liquids, and condensate [1][2] - Oil production alone saw a 7% increase over the Norwegian Offshore Directorate's forecast, with a daily average of 1.92 million barrels of oil [2][4] - Total petroleum output for 2025 to date is approximately 158 million standard cubic metres of oil equivalents, including 69.7 million standard cubic metres of oil and 80.5 million standard cubic metres of gas for sale [3] Production Details - Gas sales reached 10.3 billion standard cubic metres, showing a slight increase from the previous month [1] - Crude oil output increased to 1.92 million barrels per day, surpassing the forecast of 1.8 million barrels per day [4] - Natural gas production peaked at 124 billion standard cubic metres, exceeding the total of 122.8 billion standard cubic metres in 2022 [4] Historical Context - Overall production in 2024 was approximately 240 million standard cubic metres of oil equivalent, equating to 1.51 billion barrels of oil equivalent [5] - Norway's production has fluctuated due to maintenance and operational challenges across nearly 100 offshore fields [2]