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. |