Norm prices for Norwegian crude oil 1st Quarter 1999
Historical archive
Published under: Bondevik's 1st Government
Publisher: Ministry of Petroleum and Energy
Press release | Date: 17/06/1999 | Last updated: 11/11/2006
Press release
No.: 42/99
Date: 17.06.99
Contact: Sissel Edvardsen, +47 22 34 61 09
Norm prices for Norwegian crude oil 1 st Quarter 1999
The Petroleum Price Board has set normprices for Norwgian crude oil lifted in the 1 st> quarter of 1999. The normprices are used as tax reference prices in the taxation of the crude oil producers on the Norwegian continental shelf and are set in arrear for every quarter.
The Petroleum Price Board has set the following normprices in NOK per barrel with 30 days of credit for the 1 st> quarter of 1999:
JanuaryFebruaryMarch
Brent Blend (fob Sullom Voe) | 82,72 | 79,50 | 98,10 | |
Ekofisk (fob Teesside) | 84,21 | 80,28 | 97,71 | |
Forties (fob Hound Point) | 84,21 | 79,12 | 98,10 | |
Statfjord (fob buoy) 1> | 84,21 | 80,66 | 97,71 | |
Snorre (fob buoy) 1> | 84,21 | 80,66 | 97,71 | |
Gullfaks A+B (fob buoy) 1> | 82,35 | 77,96 | 96,15 | |
Gullfaks C (fob buoy) 1> | 83,84 | 80,28 | 97,32 | |
Tordis (fob buoy) 1> | 83,84 | 80,28 | 97,32 | |
Oseberg (fob Sture) | 84,96 | 81,43 | 98,88 | |
Draugen (fob buoy) 1> | 83,09 | 77,96 | 96,54 | |
Troll (fob Mongstad) | 85,33 | 81,05 | 96,93 |
By using an average exchange rate for the months of the quarter, the equivalent prices in USD are:
JanuaryFebruaryMarch
Brent Blend (fob Sullom Voe) | 11,10 | 10,30 | 12,55 | |
Ekofisk (fob Teesside) | 11,30 | 10,40 | 12,50 | |
Forties (fob Hound Point) | 11,30 | 10,25 | 12,55 | |
Statfjord (fob buoy) 1> | 11,30 | 10,45 | 12,50 | |
Snorre (fob buoy) 1> | 11,30 | 10,45 | 12,50 | |
Gullfaks A+B (fob buoy) 1> | 11,05 | 10,10 | 12,30 | |
Gullfaks C (fob buoy) 1> | 11,25 | 10,40 | 12,45 | |
Tordis (fob buoy) 1> | 11,25 | 10,40 | 12,45 | |
Oseberg (fob Sture) | 11,40 | 10,55 | 12,65 | |
Draugen (fob buoy) 1> | 11,15 | 10,10 | 12,35 | |
Troll (fob Mongstad) | 11,45 | 10,50 | 12,40 |
1) Final norm prices are to be set when the final freight costs in 1999 are known.