Vår Energi ASA saw its average net production of oil, liquids, and natural gas decrease 6% quarter-over-quarter to 202,000 boe/d in this year’s second quarter. The decrease is slightly less (3%) compared with second-quarter 2022.
The production decline is attributed to planned seasonal maintenance, turnarounds, and unplanned downtime on partner-operated assets, the company said in a release last week.
Contribution from Bauge, Hyme, and Fenja fields, which started production in this year’s second quarter, was impacted by start-up issues at the Njord host platform. Production guidance for the year is unchanged at 210,000-230,000 boe/d.
The production split in the second quarter was stable from the previous quarter with 64% oil and NGLs (liquids) and 36% gas. During the quarter, the Company continued to reduce NGL recovery to increase gas sales, representing a reduction of 2,000 boe/d on an annual basis.
Total volumes produced in second-quarter 2023 were 18.4 MMboe.