Final norm prices for offshore-loaded Norwegian crude oil in 2005

Historical archive

Published under: Stoltenberg's 2nd Government

Publisher: Ministry of Petroleum and Energy

Press release | Date: 21/04/2006 | Last updated: 11/11/2006

The Petroleum Price Board has set final norm prices for offshore-loaded Norwegian crude oil (21.04.2006)

Press release

No.: 47/06
Date: 21.04.2006

Contact: Trude Larstad, +47 22 24 61 07

Final norm prices for offshore-loaded Norwegian crude oil in 2005

The Petroleum Price Board has set final norm prices for offshore-loaded Norwegian crude oil lifted in 2005. 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 normprices in NOK per barrel with 30 days of credit for 2005:

	Draugen	Glitne	Gullfaks A+B	Gullfaks C	Njord	Norne	Snorre
January	283.03	250.78	282.53	282.53	284.97	282.03	281.84
February	293.56	252.95	286.65	289.85	287.23	291.58	291.38
March	328.20	301.25	325.54	329.26	335.39	328.45	328.89
April	328.38	291.78	328.19	329.14	332.55	328.63	327.81
Mai	301.86	284.26	304.54	304.54	313.71	310.08	306.07
June	349.81	315.42	352.21	352.21	357.34	354.61	351.17
July	379.73	346.06	382.17	382.17	383.75	383.61	380.78
August	415.47	385.52	418.18	418.18	424.23	418.30	415.86
September	405.02	381.34	401.33	401.33	408.27	409.10	405.09
October	384.16	350.25	383.64	383.64	389.12	391.60	382.27
November	369.79	333.59	372.92	372.92	377.39	379.69	374.84
December	390.49	353.17	390.63	390.63	398.30	396.14	390.23

1) Normprices for Glitne in April, May, July and September are related to Brent around bill of lading. The corresponding exchange rate is also related to bill of lading.

2) Normprices for Njord in November are related to Brent around bill of lading. The corresponding exchange rate is also related to bill of lading.

	Statfjord og Statfjord North	Statfjord East	Sygna	Tordis	Vigdis	Visund	Åsgard
January	282.41	282.53	281.72	282.84	282.47	282.53	288.98
February	291.96	292.09	291.26	290.17	286.59	286.65	300.91
March	329.44	329.57	328.76	329.57	325.48	325.54	335.64
April	328.38	328.51	327.69	329.46	328.13	328.19	334.70
Mai	306.64	306.77	305.94	304.86	304.47	304.54	317.15
June	351.76	351.89	351.04	352.54	352.15	352.21	360.19
July	381.38	381.51	380.65	382.50	382.10	382.17	387.96
August	416.44	416.57	415.73	418.50	418.11	418.18	423.20
September	405.66	405.79	404.96	401.65	401.26	401.33	410.76
October	382.86	382.99	382.14	383.97	383.58	383.64	389.05
November	375.44	375.57	374.71	373.25	372.85	372.92	381.75
December	390.83	390.96	390.09	390.96	390.56	390.63	396.55

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

	Draugen	Glitne ¹⁾>	Gullfaks A+B	Gullfaks C	Njord ²⁾>	Norne	Snorre
January	45.21	40.06	45.13	45.13	45.52	45.05	45.02
February	45.91	39.56	44.83	45.33	44.92	45.60	45.57
March	52.96	48.61	52.53	53.13	54.12	53.00	53.07
April	51.96	46.21	51.93	52.08	52.62	52.00	51.87
Mai	47.41	45.11	47.83	47.83	49.27	48.70	48.07
June	53.91	48.61	54.28	54.28	55.07	54.65	54.12
July	57.71	52.51	58.08	58.08	58.32	58.30	57.87
August	64.51	59.86	64.93	64.93	65.87	64.95	64.57
September	63.56	59.61	62.98	62.98	64.07	64.20	63.57
October	58.91	53.71	58.83	58.83	59.67	60.05	58.62
November	55.66	50.21	56.13	56.13	56.97	57.15	56.42
December	58.06	52.51	58.08	58.08	59.22	58.90	58.02

1) Normprices for Glitne in April, May, July and September are related to Brent around bill of lading. The corresponding exchange rate is also related to bill of lading.

2) Normprices for Njord in November are related to Brent around bill of lading. The corresponding exchange rate is also related to bill of lading.

	Statfjord og Statfjord North	Statfjord East	Sygna	Tordis	Vigdis	Visund	Åsgard
January	45.11	45.13	45.00	45.18	45.12	45.13	46.16
February	45.66	45.68	45.55	45.38	44.82	44.83	47.06
March	53.16	53.18	53.05	53.18	52.52	52.53	54.16
April	51.96	51.98	51.85	52.13	51.92	51.93	52.96
Mai	48.16	48.18	48.05	47.88	47.82	47.83	49.81
June	54.21	54.23	54.10	54.33	54.27	54.28	55.51
July	57.96	57.98	57.85	58.13	58.07	58.08	58.96
August	64.66	64.68	64.55	64.98	64.92	64.93	65.71
September	63.66	63.68	63.55	63.03	62.97	62.98	64.46
October	58.71	58.73	58.60	58.88	58.82	58.83	59.66
November	56.51	56.53	56.40	56.18	56.12	56.13	57.46
December	58.11	58.13	58.00	58.13	58.07	58.08	58.96