Norm prices for Norwegian crude oil 3rd quarter 2004
Historical archive
Published under: Bondevik's 2nd Government
Publisher: Ministry of Petroleum and Energy
Press release | Date: 28/01/2005 | Last updated: 24/10/2006
Press release
No.: 12/05 E
Date: 28.01.05
Contact person: Lars Nermoen, +47 22 24 61 07
Norm prices for Norwegian crude oil 3rd quarter 2004
The Petroleum Price Board (PPB) has set norm prices for Norwegian crude oil lifted in the 3rd quarter of 2004. 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.
PPB has decided not to set norm prices for Grane, Forties and Varg for the 3rd quarter of 2004.
PPB has reserved its decision concerning norm prices for Jotun and Balder for the 3rd quarter of 2004.
The Petroleum Price Board has set
the following norm prices in NOK per barrel with
30 days of credit for the 3rd quarter of 2004:
July | August | September | |
Brent Blend (FOB Sullom Voe) | 264.66 | 294.61 | 295.96 |
Draugen (FOB loading buoy)1) | 264.66 | 301.46 | 301.78 |
Ekofisk (FOB Teesside) | 263.97 | 300.09 | 298.70 |
Glitne (FOB ship)1) | 242.89 | 281.61 | 278.51 |
Gullfaks A+B (FOB loading buoy)1) | 265.00 | 300.43 | 297.33 |
Gullfaks C (FOB loading buoy)1) | 265.00 | 300.43 | 303.15 |
Heidrun (FOB Mongstad/delivered Tetney) | 254.64 | 285.72 | 286.73 |
Njord (FOB ship)1) | 270.88 | 308.64 | 308.97 |
Norne (FOB ship)1) | 265.69 | 300.77 | 304.52 |
Oseberg (FOB Sture) | 263.97 | 299.40 | 300.07 |
Snorre (FOB loading buoy)1) | 264.66 | 302.14 | 300.75 |
Statfjord (FOB loading buoy)1) | 264.66 | 302.14 | 300.75 |
Tordis (FOB loading buoy)1) | 265.00 | 300.43 | 303.15 |
Troll (FOB Mongstad) | 260.86 | 292.56 | 292.54 |
Åsgard (FOB ship)1) | 271.91 | 308.30 | 307.94 |
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:
July | August | September | |
Brent Blend (FOB Sullom Voe) | 38.30 | 43.05 | 43.25 |
Draugen (FOB loading buoy)1) | 38.30 | 44.05 | 44.10 |
Ekofisk (FOB Teesside) | 38.20 | 43.85 | 43.65 |
Glitne (FOB ship)1) | 35.15 | 41.15 | 40.70 |
Gullfaks A+B (FOB loading buoy)1) | 38.35 | 43.90 | 43.45 |
Gullfaks C (FOB loading buoy)1) | 38.35 | 43.90 | 44.30 |
Heidrun (FOB Mongstad/delivered Tetney) | 36.85 | 41.75 | 41.90 |
Njord (FOB ship)1) | 39.20 | 45.10 | 45.15 |
Norne (FOB ship)1) | 38.45 | 43.95 | 44.50 |
Oseberg (FOB Sture) | 38.20 | 43.75 | 43.85 |
Snorre (FOB loading buoy)1) | 38.30 | 44.15 | 43.95 |
Statfjord (FOB loading buoy)1) | 38.30 | 44.15 | 43.95 |
Tordis (FOB loading buoy)1) | 38.35 | 43.90 | 44.30 |
Troll (FOB Mongstad) | 37.75 | 42.75 | 42.75 |
Åsgard (FOB ship)1) | 39.35 | 45.05 | 45.00 |
1>)Final norm prices are to be set when the final freight costs are known.