{"id":3200,"date":"2010-05-10T12:34:00","date_gmt":"2010-05-10T10:34:00","guid":{"rendered":"https:\/\/petoro.wpenginepowered.com\/nyhet\/hoy-produksjon-svakere-gasspris\/"},"modified":"2026-03-12T11:26:32","modified_gmt":"2026-03-12T10:26:32","slug":"hoy-produksjon-svakere-gasspris","status":"publish","type":"nyhet","link":"https:\/\/petoro.no\/en\/nyhet\/hoy-produksjon-svakere-gasspris\/","title":{"rendered":"Strong production, weaker gas prices"},"content":{"rendered":"\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n<p class=\"wp-block-paragraph\">Total oil and gas production for the first quarter averaged 1 279 thousand barrels of oil equivalent per day (kboe\/d), compared with 1 295 for the same period of 2009. Gas production was 10 per cent higher than in the first quarter of last year. The most important reason for this change was increased offtake under sales contracts and higher production from Ormen Lange. Output of oil and natural gas liquids (NGL) fell by 14 per cent, primarily as a result of declining production from mature fields in the SDFI portfolio. Increased output from Ormen Lange and Kvitebj\u00f8rn offset the overall production fall.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The gas market will probably remain volatile in the short term, says Laurits Haga, vice president for marketing and sales at Petoro. \u201cIf we look more closely at the fundamental factors driving development in the European gas market, however, demand for gas is set to rise and the market balance to strengthen.\u201d<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"250\" height=\"375\" src=\"https:\/\/petoro.no\/wp-content\/uploads\/Petoro_483.webp\" alt=\"\" class=\"wp-image-2379\"\/><\/figure>\n<\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\">He believes that such a development is probable despite a big expected expansion in US shale gas production. This view primarily reflects a strong increase in Asian demand for gas \u2013 including liquefied natural gas (LNG) carried by ships. Demand for gas in Europe will grow at the same time as its own production \u2013 with the exception of Norwegian output \u2013 is likely to decline. That creates good export opportunities for gas from Norway, Mr Haga notes, since these deliveries are competitive in the European market.<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"250\" height=\"375\" src=\"https:\/\/petoro.no\/wp-content\/uploads\/Petoro_495.webp\" alt=\"\" class=\"wp-image-2383\"\/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n<p class=\"wp-block-paragraph\">On the oil side, Marion Svihus, Petoro\u2019s chief financial officer, says it is important to recognise that the big mature fields are in decline. An output reduction of 14 per cent from the first quarter of 2009 is substantial. \u201cThat underlines the need for a revitalisation of the NCS, and not least for the big mature fields,\u201d Ms Svihus observes. \u201cWe must invest while the oil fields still have sufficient production and revenues to justify drilling more wells and taking other measures to improve recovery.\u201d She is otherwise very satisfied with the agreement between the Valemon partners to bring forward the development of this field.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Contact:<\/strong><br>Sveinung Sletten, vice president external affairs<br>Mobile: 950 75 554<\/p>\n<\/div>\n<\/div>\n","protected":false},"featured_media":0,"template":"","meta":{"_acf_changed":true},"tags":[106],"class_list":["post-3200","nyhet","type-nyhet","status-publish","hentry","tag-106"],"acf":[],"_links":{"self":[{"href":"https:\/\/petoro.no\/en\/wp-json\/wp\/v2\/nyhet\/3200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/petoro.no\/en\/wp-json\/wp\/v2\/nyhet"}],"about":[{"href":"https:\/\/petoro.no\/en\/wp-json\/wp\/v2\/types\/nyhet"}],"wp:attachment":[{"href":"https:\/\/petoro.no\/en\/wp-json\/wp\/v2\/media?parent=3200"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/petoro.no\/en\/wp-json\/wp\/v2\/tags?post=3200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}