Norm prices for Norwegian crude oil 2nd quarter 2004
Historical archive
Published under: Bondevik's 2nd Government
Publisher: Ministry of Petroleum and Energy
Press release | Date: 24/09/2004 | Last updated: 24/10/2006
The Petroleum Price Board (PPB) has set normprices for Norwegian crude oil lifted in the 2nd quarter of 2004. 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. (24.09.04)
Press release
No.: 103/04 E
Date: 24.09.2004
Contact: Trude Larstad, +47 22 24 61 07
Norm prices for Norwegian crude oil 2nd quarter 2004
The Petroleum Price Board (PPB) has set normprices for Norwegian crude oil lifted in the 2nd quarter of 2004. 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 Grane, Forties and Varg for the 2nd quarter of 2004. PPB may propose a normprice for Grane in the 3rd quarter of 2004.
PPB has reserved its decision concerning normprices for Jotun and Balder for the 2nd quarter of 2004.
The Petroleum Price Board has set the following norm prices in NOK per barrel with 30 days of credit for the 2nd quarter of 2004:
April | May | June | |
Brent Blend (FOB Sullom Voe) | 230.23 | 258.34 | 239.62 |
Draugen (FOB lastebøye)1) | 235.42 | 260.39 | 241.67 |
Ekofisk (FOB Teesside) | 233.00 | 260.05 | 242.69 |
Glitne (FOB skip)1) | 220.88 | 245.35 | 226.31 |
Gullfaks A+B (FOB lastebøye)1) | 232.31 | 258.68 | 241.67 |
Gullfaks C (FOB lastebøye)1) | 232.65 | 261.07 | 244.74 |
Heidrun (FOB Mongstad/fritt levert Tetney) | 220.88 | 247.06 | 230.74 |
Njord (FOB skip)1) | 239.58 | 265.85 | 248.49 |
Norne (FOB skip)1) | 232.31 | 259.36 | 242.35 |
Oseberg (FOB Sture) | 233.35 | 259.02 | 242.01 |
Snorre (FOB lastebøye)1) | 233.00 | 261.75 | 244.05 |
Statfjord (FOB lastebøye)1) | 233.00 | 261.75 | 244.05 |
Tordis (FOB lastebøye)1) | 232.65 | 261.07 | 244.74 |
Troll (FOB Mongstad) | 228.15 | 254.92 | 235.86 |
Åsgard (FOB skip)1) | 240.27 | 268.25 | 250.88 |
1>) Final norm prices are to be set when the final freight costs 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) | 33.25 | 37.80 | 35.10 |
Draugen (FOB lastebøye)1) | 34.00 | 38.10 | 35.40 |
Ekofisk (FOB Teesside) | 33.65 | 38.05 | 35.55 |
Glitne (FOB skip)1) | 31.90 | 35.90 | 33.15 |
Gullfaks A+B (FOB lastebøye)1) | 33.55 | 37.85 | 35.40 |
Gullfaks C (FOB lastebøye)1) | 33.60 | 38.20 | 35.85 |
Heidrun (FOB Mongstad/fritt levert Tetney) | 31.90 | 36.15 | 33.80 |
Njord (FOB skip)1) | 34.60 | 38.90 | 36.40 |
Norne (FOB skip)1) | 33.55 | 37.95 | 35.50 |
Oseberg (FOB Sture) | 33.70 | 37.90 | 35.45 |
Snorre (FOB lastebøye)1) | 33.65 | 38.30 | 35.75 |
Statfjord (FOB lastebøye)1) | 33.65 | 38.30 | 35.75 |
Tordis (FOB lastebøye)1) | 33.60 | 38.20 | 35.85 |
Troll (FOB Mongstad) | 32.95 | 37.30 | 34.55 |
Åsgard (FOB skip)1) | 34.70 | 39.25 | 36.75 |
1>) Final norm prices are to be set when the final freight costs are known.