The Oil Drum | The back side of the curve

46 comments on The back side of the curve

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p on November 10, 2005 - 3:19am

There are a number of norwegian rigs that have been shut down for maintenance. There might be more behind these numbers then simple field depletion.

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nrgyman2000 on November 10, 2005 - 8:33am

Turn arounds, or maintenance, are normally carried out in the months of May through September for the Norwegian fields.

The preliminary October figures from NPD should thus in little degree reflect outages due to maintenance.

For the 9 months Jan. through Sep. 2005, extraction (production) is down more than 15 % for 18 of the 43 fields presently being reported by NPD, as compared to the same months of 2004.

Kristin and Urd has been put on stream during November.

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nrgyman2000 on November 10, 2005 - 9:50am

C O R R E C T I O N

JAN. - SEP 05 vs JAN - SEP. 04
For the 9 months Jan. through Sep. 2005, extraction (production) is down more than 15 % for 19 of the 44 fields presently being reported by NPD, as compared to the same months of 2004.
Sorry about that.

Total decline for NCS for the same months is about 9 %.

Adjusted for fields which presently are in build up (Balder (Ringhorne), Grane and Kvitebjørn), decline for the 9 months runs at 15 - 16 %.

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46 comments on The back side of the curve

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