Final norm prices for offshore-loaded Norwegian crude oil in 2001

Historical archive

Published under: Bondevik's 2nd Government

Publisher: Ministry of Petroleum and Energy

Press release | Date: 18/03/2002 | Last updated: 23/10/2006

Press release

No.: 33/02
Date: 18.03.02

Contact: Ingvild T.Haug, +47 22 24 61 07

Final norm prices for offshore-loaded Norwegian crude oil in 2001

The Petroleum Price Board has set final norm prices for offshore-loaded Norwegian crude oil lifted in 2001. For the offshore-loaded crudes the monthly norm prices set every quarter are provisional until the actual transportation costs for the whole year are known. The norm prices 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 norm prices in NOK per barrel with 30 days of credit for 2001:

	Statfjord og Statfjord North	Statfjord East	Snorre	Gullfaks A+B	Vigdis	Visund	Gullfaks C
January	230,43	229,91	229,47	226,39	225,78	225,78	229,47
February	250,42	249,88	249,44	244,09	243,47	243,47	247,21
March	219,87	219,33	218,88	216,64	216,01	216,01	217,98
April	234,63	234,08	233,63	229,54	228,90	228,90	231,36
May	263,80	263,25	262,79	259,59	258,95	258,95	260,96
June	256,18	255,62	255,16	253,30	252,65	252,65	255,16
July	225,57	225,01	224,55	222,23	221,59	221,59	224,09
August	231,28	230,74	230,29	226,71	226,09	226,09	230,74
September	223,90	223,38	222,94	220,74	220,13	220,13	224,25
October	179,66	179,13	178,69	180,02	179,40	179,40	180,90
November	171,69	171,16	170,71	168,93	168,31	168,31	169,82
December	167,91	167,37	166,92	166,92	166,30	166,30	167,82

	Tordis	Draugen	Njord	Norne	Åsgard	Jotun	Sygna
January	228,94	230,61	235,88	225,52	234,82	227,27	230,26
February	246,68	250,60	255,50	242,31	252,20	242,75	250,24
March	217,44	220,94	221,84	216,19	222,56	217,53	219,69
April	230,81	233,45	239,81	230,45	235,99	233,63	234,45
May	260,42	263,07	268,10	258,22	268,37	261,42	263,62
June	254,60	261,94	267,99	257,02	262,69	255,62	255,99
July	223,53	222,51	229,00	220,84	228,35	218,07	225,38
August	230,20	227,88	235,48	227,61	233,96	228,95	231,10
September	223,73	221,01	230,66	220,30	228,29	219,86	223,73
October	180,37	180,28	183,37	177,81	182,75	175,60	179,49
November	169,29	168,31	174,55	165,81	174,37	168,48	171,52
December	167,28	165,40	169,88	162,45	171,04	164,24	167,73

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

	Statfjord og Statfjord North	Statfjord East	Snorre	Gullfaks A+B	Vigdis	Visund	Gullfaks C
January	26,25	26,19	26,14	25,79	25,72	25,72	26,14
February	28,10	28,04	27,99	27,39	27,32	27,32	27,74
March	24,50	24,44	24,39	24,14	24,07	24,07	24,29
April	25,80	25,74	25,69	25,24	25,17	25,17	25,44
May	28,85	28,79	28,74	28,39	28,32	28,32	28,54
June	27,55	27,49	27,44	27,24	27,17	27,17	27,44
July	24,35	24,29	24,24	23,99	23,92	23,92	24,19
August	25,85	25,79	25,74	25,34	25,27	25,27	25,79
September	25,50	25,44	25,39	25,14	25,07	25,07	25,54
October	20,35	20,29	20,24	20,39	20,32	20,32	20,49
November	19,25	19,19	19,14	18,94	18,87	18,87	19,04
December	18,75	18,69	18,64	18,64	18,57	18,57	18,74

	Tordis	Draugen	Njord	Norne	Åsgard	Jotun	Sygna
January	26,08	26,27	26,87	25,69	26,75	25,89	26,23
February	27,68	28,12	28,67	27,19	28,30	27,24	28,08
March	24,23	24,62	24,72	24,09	24,80	24,24	24,48
April	25,38	25,67	26,37	25,34	25,95	25,69	25,78
May	28,48	28,77	29,32	28,24	29,35	28,59	28,83
June	27,38	28,17	28,82	27,64	28,25	27,49	27,53
July	24,13	24,02	24,72	23,84	24,65	23,54	24,33
August	25,73	25,47	26,32	25,44	26,15	25,59	25,83
September	25,48	25,17	26,27	25,09	26,00	25,04	25,48
October	20,43	20,42	20,77	20,14	20,70	19,89	20,33
November	18,98	18,87	19,57	18,59	19,55	18,89	19,23
December	18,68	18,47	18,97	18,14	19,10	18,34	18,73