Norm prices for Norwegian crude oil 2nd quarter 2003
Historical archive
Published under: Bondevik's 2nd Government
Publisher: Ministry of Petroleum and Energy
Press release | Date: 03/10/2003 | Last updated: 24/10/2006
The Petroleum Price Board (PPB) has set normprices for Norwegian crude oil lifted in the 2 nd> quarter of 2003. (03.10.03)
Press release
No.: 105/03
Date: 03.10.2003
Contact: Lars Nermoen, +47 22 24 61 07
Norm prices for Norwegian crude oil 2nd quarter 2003
The Petroleum Price Board (PPB) has set normprices for Norwegian crude oil lifted in the 2 nd> quarter of 2003. 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 arrears for every quarter.
PPB has decided not to set normprices for Jotun, Forties and Varg for the 2 nd> quarter of 2003. PPB has reserved their decision concerning normprices for Balder for the 1 st> and the 2 nd> quarter of 2003.
The Petroleum Price Board has set
the following norm prices in NOK per barrel with
30 days of credit for the 2
nd >quarter of 2003:
April | May | June | |
Brent Blend (FOB Sullom Voe) | 179,87 | 174,84 | 192,54 |
Ekofisk (FOB Teesside) | 182,75 | 174,84 | 195,69 |
Statfjord (FOB lastebøye)1) | 185,28 | 174,16 | 195,34 |
Snorre (FOB lastebøye)1) | 185,28 | 174,16 | 195,34 |
Gullfaks A+B (FOB lastebøye)1) | 183,48 | 171,78 | 194,64 |
Gullfaks C (FOB lastebøye)1) | 185,28 | 175,18 | 196,04 |
Tordis (FOB lastebøye)1) | 185,28 | 175,18 | 196,04 |
Oseberg (FOB Sture) | 182,75 | 175,18 | 195,69 |
Draugen (FOB lastebøye)1) | 182,75 | 171,44 | 191,84 |
Troll (FOB Mongstad) | 179,14 | 171,78 | 192,54 |
Heidrun (FOB Mongstad/fritt levert Tetney) | 172,28 | 168,03 | 188,34 |
Norne (FOB skip)1) | 183,48 | 176,88 | 194,99 |
Njord (FOB skip)1) | 192,15 | 176,20 | 196,04 |
Åsgard (FOB skip)1) | 184,56 | 175,18 | 195,69 |
Glitne (FOB skip)1) | 170,84 | 162,93 | 183,09 |
1>) Final norm prices are to be set when the final freight costs in 2003 are known.
By using an average exchange rate for the months of the quarter, the equivalent prices in USD are:
April | May | June | |
Brent Blend (FOB Sullom Voe) | 24,90 | 25,70 | 27,50 |
Ekofisk (FOB Teesside) | 25,30 | 25,70 | 27,95 |
Statfjord (FOB lastebøye)1) | 25,65 | 25,60 | 27,90 |
Snorre (FOB lastebøye)1) | 25,65 | 25,60 | 27,90 |
Gullfaks A+B (FOB lastebøye)1) | 25,40 | 25,25 | 27,80 |
Gullfaks C (FOB lastebøye)1) | 25,65 | 25,75 | 28,00 |
Tordis (FOB lastebøye)1) | 25,65 | 25,75 | 28,00 |
Oseberg (FOB Sture) | 25,30 | 25,75 | 27,95 |
Draugen (FOB lastebøye)1) | 25,30 | 25,20 | 27,40 |
Troll (FOB Mongstad) | 24,80 | 25,25 | 27,50 |
Heidrun (FOB Mongstad/fritt levert Tetney) | 23,85 | 24,70 | 26,90 |
Norne (FOB skip)1) | 25,40 | 26,00 | 27,85 |
Njord (FOB skip)1) | 26,60 | 25,90 | 28,00 |
Åsgard (FOB skip)1) | 25,55 | 25,75 | 27,95 |
Glitne (FOB skip)1) | 23,65 | 23,95 | 26,15 |
1>) Final norm prices are to be set when the final freight costs in 2003 are known.