Final Norm Prices for Offshore Loaded Norwegian Crude Oil in 1999

Historical archive

Published under: Bondevik's 1st Government

Publisher: Ministry of Petroleum and Energy

Press release | Date: 14/03/2000 | Last updated: 21/10/2006

Press Release

No.: 12/00
Date: 14.03.2000

Final Norm Prices for Offshore Loaded Norwegian Crude Oil in 1999

The Petroleum Price Board has set final normprices for offshore-loaded Norwgian crude oil lifted in 1999. For the offshore-loaded crudes the monthly normprices set every quarter are provisional until the actual transportation costs for the whole year are known. The normprices are used as tax reference prices in the taxation of the crude oil producers on the Norwegian continental shelf.

The Petroleum Price Board has after adjusting for the actual transportation costs set the following normprices in NOK per barrel with 30 days of credit for 1999:

	Statfjord and Statfjord Nord	Statfjord East	Snorre	Gullfaks A+B	Vigdis	Visund	Gullfaks C	Tordis	Draugen
January	84,53	84,42	83,65	82,75	81,80	82,31	84,24	83,74	83,65
February	80,99	80,87	80,08	78,37	77,39	77,92	80,69	80,17	78,54
March	98,04	97,93	97,13	96,57	95,57	96,11	97,74	97,22	97,13
April	118,50	118,38	117,58	116,64	115,65	116,19	119,36	118,84	117,97
May	116,98	116,87	116,08	113,58	112,60	113,13	116,69	116,17	116,46
June	123,50	123,38	122,58	120,44	119,44	119,98	123,59	123,06	122,58
July	150,50	150,38	149,57	147,43	146,42	146,97	149,80	149,27	149,57
August	159,26	159,15	158,35	155,84	154,85	155,39	157,40	156,88	157,57
September	175,84	175,72	174,92	172,40	171,41	171,94	175,14	174,62	174,92
October	170,27	170,15	169,36	167,64	166,66	167,19	169,58	169,06	168,97
November	196,04	195,93	195,12	193,36	192,36	192,90	195,74	195,21	195,51
December	206,22	206,10	205,28	203,51	202,49	203,04	207,11	206,58	206,08

Based on the average exchange rates for each month, the prices in USD/barrel are:

	Statfjord and Statfjord Nord	Statfjord East	Snorre	Gullfaks A+B	Vigdis	Visund	Gullfaks C	Tordis	Draugen
January	84,53	84,42	83,65	82,75	81,80	82,31	84,24	83,74	83,65
February	80,99	80,87	80,08	78,37	77,39	77,92	80,69	80,17	78,54
March	98,04	97,93	97,13	96,57	95,57	96,11	97,74	97,22	97,13
April	118,50	118,38	117,58	116,64	115,65	116,19	119,36	118,84	117,97
May	116,98	116,87	116,08	113,58	112,60	113,13	116,69	116,17	116,46
June	123,50	123,38	122,58	120,44	119,44	119,98	123,59	123,06	122,58
July	150,50	150,38	149,57	147,43	146,42	146,97	149,80	149,27	149,57
August	159,26	159,15	158,35	155,84	154,85	155,39	157,40	156,88	157,57
September	175,84	175,72	174,92	172,40	171,41	171,94	175,14	174,62	174,92
October	170,27	170,15	169,36	167,64	166,66	167,19	169,58	169,06	168,97
November	196,04	195,93	195,12	193,36	192,36	192,90	195,74	195,21	195,51
December	206,22	206,10	205,28	203,51	202,49	203,04	207,11	206,58	206,08

Contact:
Sissel Edvardsen, +47 22 24 61 07