Oil and gas volumes 

This section describes our oil and gas production and sales volumes.

The following table sets out our Norwegian and international production of crude oil and natural gas for the periods indicated. The stated production volumes are the volumes that StatoilHydro is entitled to pursuant to conditions laid down in concession agreements and production sharing agreements, or PSAs.

The production volumes are net of royalty oil paid in kind and of gas used for fuel and flare. Our production is based on our proportionate participation in fields with multiple owners and does not include production of the Norwegian State's oil and natural gas.


Production For the year ended 31 December
 

2008

2007

2006

 
Norway      
Crude oil (mmbbls)1

302

299

315

Natural gas (bcf)

1348

1238

1250

Natural gas (bcm)

38.2

35.1

35.4

 
Combined oil and gas (mmboe)

542

519

539

 
International      
Crude oil (mmbbls)1

85

92

70

Natural gas (bcf)

121

114

84

Natural gas (bcm)

3.4

3.2

2.4

 
Combined oil and gas (mmboe)

106

112

85

 
Total      
Crude oil (mmbbls)1

386

391

385

Natural gas (bcf)

1469

1352

1335

Natural gas (bcm)

41.6

38.3

37.8

 
Combined oil and gas (mmboe)

648

632

624

 1 Crude oil includes natural gas liquids (NGL) and condensate production. NGL includes both LPG and naphta

Sales Volume Information

In addition to our own volumes, we market and sell oil and gas owned by the Norwegian State through the Norwegian State's share in production licences, known as the State's direct financial interest, or SDFI, together with our own production.

For additional information see section 3.13 Operational review-Related party transactions.

The following table sets out SDFI and StatoilHydro sales volume information for crude oil and natural gas, as applicable, for the periods indicated. The SDFI volumes shown below include royalty oil we sell on behalf of the Norwegian State.

The payment of royalty obligations on the NCS was abolished on 31 December 2005. The StatoilHydro natural gas sales volumes include equity volumes sold by Natural Gas, natural gas volumes sold by International E&P and ethane volumes.

Sales Volumes Year ended December 31,
 

2007

2006

 
StatoilHydro: (1)    
Crude oil (mmbbls) (2)

395

382

Natural gas (bcf)

1,339

1,333

Natural gas (bcm) (3)

37.9

37.8

Combined oil and gas (mmboe)

633

620

 
Third party volumes: (4)    
Crude oil (mmbbls)(2)

240

200

Natural gas (bcf)

226

152

Natural gas (bcm) (3)

6.4

4.3

Combined oil and gas (mmboe)

280

227

 
SDFI assets owned by the Norwegian State (including royalty):
Crude oil (mmbbls) (2)

235

254

Natural gas (bcf)

1,325

1,170

Natural gas (bcm) (3)

37.5

33.1

Combined oil and gas (mmboe)

471

462

 
Total:    
Crude oil (mmbbls) (2)

869

836

Natural gas (bcf)

2,890

2,655

Natural gas (bcm) (3)

79.5

73.3

Combined oil and gas (mmboe)

1,384

1,309

 
 (1) The StatoilHydro volumes included in the table above assume that volumes sold were equal to lifted volumes in the relevant year. This differs from the sales volumes reported elsewhere in this report by the Oil Trading and Supplies (OTS) organisation in the Manufacturing and Marketing segment in that such volumes include volumes still in inventory or transit held by other reporting entities within the group. Excluded from such volumes are volumes lifted by the International E&P but not sold by OTS, and volumes lifted by E&P Norway or International and still in inventory or in transit.
(2) Sales volumes of crude oil include NGL and condensate. All sales volumes reported in the table above include internal deliveries to our manufacturing facilities.
(3) At a gross calorific value (GCV) of 40 MJ/scm.
(4) Third party volumes of crude oil include both volumes purchased from partners in our upstream operations and other cargos purchased in the market. The third party volumes are purchased either for sale to third parties or for our own use. Third party volumes of natural gas include third party LNG volumes related to our activities at the Cove Point regasification terminal in the U.S.

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