Final norm prices for offshore-loaded Norwegian crude oil in 2004

Historical archive

Published under: Bondevik's 2nd Government

Publisher: Ministry of Petroleum and Energy

Press release | Date: 30/03/2005 | Last updated: 24/10/2006

The Petroleum Price Board has set final norm prices for offshore-loaded Norwegian crude oil lifted in 2004.(30.03.05)

Press release

No.: 43/05
Date: 30.03.05

Contact: Sissel Edvardsen, +47 22 24 61 09

Final norm prices for offshore-loaded Norwegian crude oil in 2004

The Petroleum Price Board has set final norm prices for offshore-loaded Norwegian crude oil lifted in 2004. 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 2004:

	Balder	Draugen	Glitne	Gullfaks A+B		Gullfaks C
January	184,64	217,14	200,72	217,14	217,34
February	196,04	219,77	200,62	218,38	216,85
March	211,75	240,45	219,83	238,71	240,31
April	201,84	235,56	218,18	232,10	232,65
May	233,73	260,52	242,69	258,47	261,07
June	210,26	241,80	223,64	241,46	244,74
July	238,40	264,80	240,20	264,80	265,00
August	274,08	301,59	278,94	300,22	300,43
September	270.99	301,92	275,85	297,13	303,15
October	293,81	331,87		329,23	330,41
November	217,49	273,71	231,03	271,21	273,59
December	191,01	245,10	207,63	241,42	243,44

	Njord	Norne	Snorre	Statfjord and Statfjord North	Statfjord East
January	218,98	214,75	217,20	217,89	218,09
February	219,21	217,69	217,76	218,45	218,66
March	243,72	239,75	239,82	240,52	240,73
April	239,51	232,45	232,86	233,55	233,76
May	265,79	259,50	261,62	262,30	262,51
June	248,42	242,48	243,92	244,60	244,81
July	270,81	265,83	264,52	265,21	265,42
August	308,57	300,91	302,00	302,69	302,89
September	308,90	302,94	300,62	301,30	301,51
October	337,27	330,88	331,27	331,93	332,13
November	287,00	272,15	272,21	272,84	273,03
December	243,69	243,26	243,32	243,93	244,12

	Sygna	Tordis	Vigdis	Visund	Åsgard
January	217,95	217,07	217,00	217,14	218,70
February	218,52	216,58	218,24	218,38	224,14
March	240,59	240,03	238,57	238,71	242,40
April	233,62	232,38	231,96	232,10	240,27
May	262,37	260,80	258,34	258,47	268,25
June	244,67	244,46	241,32	241,46	250,88
July	265,28	264,73	264,66	264,80	271,91
August	302,76	300,16	300,09	300,22	308,30
September	301,37	302,88	296,99	297,13	307,94
October	332,00	330,15	329,10	329,23	335,03
November	272,90	273,34	271,08	271,21	281,11
December	244,00	243,20	241,30	241,42	244,98

Based on the average exchange rates per month the prices in USD/barrel are:

	Balder	Draugen	Glitne	Gullfaks A+B	Gullfaks C
January	27,10	31,87	29,46	31,87	31,90
February	28,25	31,67	28,91	31,47	31,25
March	30,40	34,52	31,56	34,27	34,50
April	29,15	34,02	31,51	33,52	33,60
May	34,20	38,12	35,51	37,82	38,20
June	30,80	35,42	32,76	35,37	35,85
July	34,50	38,32	34,76	38,32	38,35
August	40,05	44,07	40,76	43,87	43,90
September	39,60	44,12	40,31	43,42	44,30
October	44,55	50,32		49,92	50,10
November	34,70	43,67	36,86	43,27	43,65
December	31,15	39,97	33,86	39,37	39,70

	Njord	Norne	Snorre	Statfjord and Statfjord North	Statfjord East
January	32,14	31,52	31,88	31,98	32,01
February	31,59	31,37	31,38	31,48	31,51
March	34,99	34,42	34,43	34,53	34,56
April	34,59	33,57	33,63	33,73	33,76
May	38,89	37,97	38,28	38,38	38,41
June	36,39	35,52	35,73	35,83	35,86
July	39,19	38,47	38,28	38,38	38,41
August	45,09	43,97	44,13	44,23	44,26
September	45,14	44,27	43,93	44,03	44,06
October	51,14	50,17	50,23	50,33	50,36
November	45,79	43,42	43,43	43,53	43,56
December	39,74	39,67	39,68	39,78	39,81

	Sygna	Tordis	Vigdis	Visund	Åsgard
January	31,99	31,86	31,85	31,87	32,10
February	31,49	31,21	31,45	31,47	32,30
March	34,54	34,46	34,25	34,27	34,80
April	33,74	33,56	33,50	33,52	34,70
May	38,39	38,16	37,80	37,82	39,25
June	35,84	35,81	35,35	35,37	36,75
July	38,39	38,31	38,30	38,32	39,35
August	44,24	43,86	43,85	43,87	45,05
September	44,04	44,26	43,40	43,42	45,00
October	50,34	50,06	49,90	49,92	50,80
November	43,54	43,61	43,25	43,27	44,85
December	39,79	39,66	39,35	39,37	39,95