The startup of the giant Goliat project boosted Norway’s oil output to a five-year high in July.
The Norwegian Petroleum Directorate said on Wednesday that Norway’s oil production volume rose to 1.728 million barrels in July, the largest monthly total since March 2011.
That production level represented a 10 percent year-over-year increase and was nine percent above the NPD’s forecast for the month.
Norway’s total oil production was up by 322,000 barrels of oil per day, or 18 percent, compared to June 2016.
The NPD said that the production boost in July came thanks to several fields producing above the agency’s forecast and contributions made by the giant Goliat field.
The NPD said Goliat was the fourth largest oil producer in July.
The Eni operated Goliat field came online in March and is set to produce 100,000 barrels of oil per day.
The Goliat field is located in a ice-free area of the Barents Sea off the coast of Norway and holds estimated reserves of about 180 million barrels of oil.
Preliminary production figures for July show an average daily production of 2.136 million barrels of oil, NGL and condensate.
Total gas sales were 9.1 billion standard cubic meters (GSm3 ) for the month, a 0.9 GSM3 from the previous month.
Norway also produced a daily average of 375,000 barrels of NGL and 33,000 barrels of condensate in July.
The total petroleum production for the first seven months in 2016 wasabout 138.1 million Sm3 oil equivalents with about 54.4 MSm3 o.e. of oil, about 13.6 MSm3 o.e. of NGL and condensate and about 70.1 MSm3 o.e. of gas for sale.
Norway’s total production volume during the first seven months of this year was up by 7.3 MSm3 o.e. compared to the same period in 2015.