Norway's June oil and gas output lags forecast-NPD

OSLO: Norway's oil production fell 28.2% year-on-year in June to 1.067 million barrels per day, lagging the official forecast for the month by 10.2%, Norway's Petroleum Directorate (NPD) said on Friday.

Including condensate and natural gas liquids (NGL), the overall liquids production stood at 1.409 million barrels of oil equivalents per day, lagging the NPD prediction by 8.5%.

Technical problems at some fields and maintenance were among the main reasons why production came in below forecast, NPD said.

Natural gas output in June rose 2.4% year-on-year to 313.3 million cubic metres per day, lagging NPD's forecasts by 4.7%, it added.