May 20, 2020 / 1:48 PM / 5 days ago

Norway produced more oil, less gas than expected in April

OSLO, May 20 (Reuters) - Norway’s oil production jumped in April from the previous month, beating official forecasts by 1.8%, the Norwegian Petroleum Directorate said on Wednesday.

The country’s crude oil output rose by 4.5% month-on-month from March to 1.78 million barrels per day. The output year-on-year was up by 30.1%, mainly thanks to the ramp-up of Equinor’s giant Johan Sverdrup oilfield.

Daily natural gas output fell by 13% month-on-month, missing the official forecast by 3.7% and was down 10.6% from a year ago.

Overall monthly gas output in April totalled 9.0 billion cubic metres. (Reporting by Terje Solsvik; editing by Victoria Klesty)

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