Norway's crude oil production in August was reported at 1.882 million barrels per day, which is above the forecasts of the Norwegian Petroleum Directorate. However, this figure is still lower than the production level in the same month last year. According to preliminary statistics released, total liquids production, including crude oil, natural gas liquids, and condensates, averaged 2.073 million barrels per day.
4.9% Growth in Liquids Production
Total liquids production compared to July saw an increase of 97,000 barrels per day or about 4.9 percent. While this temporary improvement from the weakness in July indicates a return to normal production conditions, total liquids production remains 4 percent lower than the production level in August 2025. This suggests that Norway is still not on track for annual growth.
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Natural Gas Production Under Pressure
Crude oil production in August increased by 98,000 barrels per day or 5.5 percent compared to July, reaching 1.882 million barrels per day. This figure is also 79,000 barrels per day or 4.4 percent higher than the Norwegian Petroleum Directorate's forecast for August. However, crude oil production is still 74,000 barrels per day or 3.8 percent lower than the 1.956 million barrels per day recorded in August 2025.
Natural gas production in August averaged 342 million standard cubic meters per day, which is 6.6 million cubic meters per day less than the Norwegian Petroleum Directorate's forecasts. Additionally, gas production decreased by 9.7 million cubic meters per day compared to 351.7 million cubic meters in July, but this figure is 8.2 million cubic meters per day higher than the 333.8 million cubic meters recorded in August 2025.
The decrease in gas production from July is particularly significant for Europe, as Norway is the largest supplier of natural gas to the continent, and pipeline deliveries are crucial for balancing regional supply during the winter heating season.
Overall, August has compensated for part of the liquids production decline in July, but the 4 percent annual drop indicates that Norway has not yet returned to growth. The question arises whether production will continue to improve after the end of summer maintenance or will again face declines from mature offshore fields.
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