BAKU, Azerbaijan, April 15. Liquids production in Norway dropped by 40,000 barrels per day (b/d) in February 2025 to an average of 1.9 million b/d, according to OPEC’s latest monthly report, Trend reports.
Crude oil output declined by 39,000 b/d month-on-month, reaching 1.7 million b/d—down 42,000 b/d from the same period last year.
Despite the dip, February production exceeded forecasts from the Norwegian Offshore Directorate by 1.3%. Output of natural gas liquids (NGLs) and condensates remained steady at 0.2 million b/d.
Looking ahead, Norway’s liquids production is expected to grow modestly by 40,000 b/d this year, reaching 2.0 million b/d. The forecast was revised downward due to delays in the Johan Castberg field, which came online in late March after weather-related setbacks. Additional ramp-ups are expected throughout 2025, including at Kristin, Eldfisk, and Balder/Ringhorne.
In 2026, however, Norwegian output is projected to decline by 40,000 b/d, despite new production from fields like Edvard Grieg, Heidrun, and Ivar Aasen.
Meanwhile, UK liquids production slipped by 18,000 b/d in February, averaging 0.8 million b/d. Crude oil output dropped to 0.6 million b/d but remained 52,000 b/d higher year-on-year. NGLs production saw a small increase.
UK output is forecast to rise slightly in 2025, driven by ramp-ups at Clair, Buzzard, and other North Sea projects. However, gains will be tempered by natural decline rates at mature fields. The Triton FPSO, damaged in a January storm, is expected back online by May.
In 2026, UK production is expected to dip again by 10,000 b/d, despite several new project start-ups.
