Page 14 - Euroil Week 49 2019

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NEWS IN BRIEF
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our extensive engineering and construction expertise and offshore operations experience to drive repeatable project outcomes.
“We very much look forward to building on the success of our existing relationship with EnQuest by safely supporting it to enhance recovery and extend field life in the North Sea.”
December 12 2019
Norwegian oil output in
November over 13% higher
than NPD forecast
Norwegian oil production during November 2019 was significantly higher than the Norwegian Petroleum Directorate (NPD) predicted, according to the directorate’s report on December 12. Preliminary production figures for November 2019 show an average daily production of 2.016mn barrels of oil, NGL and condensate, which is an increase of 235,000 barrels per day compared to October.
Total gas sales were 10.0bn cubic metres, which is an increase of 0.6 bcm from the previous month.
Average daily liquids production in November was: 1.711mn barrels of oil, 277,000 barrels of NGL and 28,000 barrels of condensate.
Oil production in November is 13.2% higher than the NPD’s forecast, and 1.9% below the forecast so far this year.
The discrepancy between preliminary
production (published November 19) and final production volume in October is due to the fact that the Johan Sverdrup field started production, and unavailable volumes are subtracted (pipeline volumes and minimum stock level).
The total petroleum production for the first eleven months in 2019 is about 195mn cubic metres of oil equivalents (mcm oe), broken down as follows: about 73.1 mcm oe of oil, about 17.5 mcm oe of NGL and condensate and about 104.4 mcm oe of gas for sale. The total volume is 14.8 mcm oe lower than in 2018.
NPD, December 12 2019
Poland is ready if Russia
cuts gas transit to the EU
across Ukraine this winter
Poland is ready if Russia cuts gas transit to the EU across Ukraine this winter, oil and gas company PGNIG said in a statement on December 11.
“The risk of Russian gas transit cessation to the EU across Ukraine appears from January 1, 2020 as a transit contract to transport gas expires, while a new contract is not signed,” the company said.
“In this situation, national production, reserves in warehouses and possibilities for imports, including from Belarus, give 25.6bn cubic meters (bcm) of gas per year total, with spending of 19 bcm.”
Poland consumed about 19 bcm in 2019, including 4 bcm from its own production, 9 bcm purchased from Russia, 3.5 bcm in the EU and 2.5 bcm is liquefied natural gas (LNG).
The gas transit deal signed by opposition leader, former Prime Minister and head
of Batkivshchyna (Fatherland) party Yulia Tymoshenko in 2008 is due to expire on January 1, 2020 and no new deal has been put in place.
Indeed, Naftogaz told bne IntelliNews this month that if no agreement is reached by December 13 then it becomes technically impossible to put a new deal in place before New Year’s Day, due to EU rules. That makes the start of a new “gas war” almost certain.
Both Naftogaz and Russian state-owned gas giant Gazprom have been getting ready for a possible clash. Ukraine now has 20bcm of gas in storage, up by 30% on last year and enough to ensure supplies of gas to Europe throughout the winter, the company said this week.
Gazprom is preparing to by pass Ukraine completely. A new southern pipeline Turkish Stream is complete and can start operating in January. The Nord Stream 2 northern route has faced construction delays but is 80% ready and is expected to go online in May. These two pipelines will add some 85bcm to Gazprom’s exports capacity – slightly less than the 90bcm that currently transits Ukraine.
bne IntelliNews, December 12 2019
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Week 49 12•December•2019