Historical archive

Norm prices for Norwegian crude oil 2nd quarter 2002

Historical archive

Published under: Bondevik's 2nd Government

Publisher: Ministry of Petroleum and Energy

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Press release

No.: 97E/02
Date: 25.09.2002
Contact: Ingvild T. Haug, + 47 22 24 61 07

Norm prices for Norwegian crude oil 2nd quarter 2002

The Petroleum Price Board has set norm prices for Norwegian crude oil lifted in the
2nd quarter of 2002. The norm prices are used as tax reference prices in the taxation of the crude oil producers on the Norwegian continental shelf and are set in arrears for every quarter.

The Petroleum Price Board has set the following norm prices in NOK per barrel with
30 days of credit for the 2nd >quarter of 2002:

April

Mai

June

Brent Blend (FOB Sullom Voe)

220,73

207,67

187,24

Ekofisk (FOB Teesside)

217,28

201,52

185,30

Statfjord (FOB lastebøye)1)

214,70

201,52

184,92

Snorre (FOB lastebøye)1)

214,70

201,52

184,92

Gullfaks A+B (FOB lastebøye)1)

213,84

199,48

184,53

Gullfaks C (FOB lastebøye)1)

216,42

200,70

185,30

Tordis (FOB lastebøye)1)

216,42

200,70

185,30

Oseberg (FOB Sture)

216,42

203,98

185,69

Draugen (FOB lastebøye)1)

215,13

199,48

183,75

Troll (FOB Mongstad)

214,27

201,11

182,59

Heidrun (FOB Mongstad/fritt levert Tetney)

200,93

188,42

174,06

Norne (FOB skip)1)

216,85

202,34

183,37

Njord (FOB skip)1)

218,14

185,69

Jotun (FOB skip)1)

180,26

Åsgard (FOB skip)1)

217,71

201,93

185,30

1)Final norm prices are to be set when the final freight costs in 2002 are known.

By using an average exchange rate for the months of the quarter, the equivalent prices in USD are:

April

Mai

June

Brent Blend (FOB Sullom Voe)

25,65

25,35

24,15

Ekofisk (FOB Teesside)

25,25

24,60

23,90

Statfjord (FOB lastebøye)1)

24,95

24,60

23,85

Snorre (FOB lastebøye)1)

24,95

24,60

23,85

Gullfaks A+B (FOB lastebøye)1)

24,85

24,35

23,80

Gullfaks C (FOB lastebøye)1)

25,15

24,50

23,90

Tordis (FOB lastebøye)1)

25,15

24,50

23,90

Oseberg (FOB Sture)

25,15

24,90

23,95

Draugen (FOB lastebøye)1)

25,00

24,35

23,70

Troll (FOB Mongstad)

24,90

24,55

23,55

Heidrun (FOB Mongstad/fritt levert Tetney)

23,35

23,00

22,45

Norne (FOB skip)1)

25,20

24,70

23,65

Njord (FOB skip)1)

25,35

23,95

Jotun (FOB skip)1)

23,25

Åsgard (FOB skip)1)

25,30

24,65

23,90

1)Final norm prices are to be set when the final freight costs in 2002 are known.