Normprices for Norwegian crude oil 2nd quarter 2007
Historical archive
Published under: Stoltenberg's 2nd Government
Publisher: Ministry of Petroleum and Energy
Press release | No: 150/07 | Date: 18/10/2007
The Petroleum Price Board (PPB) has set normprices for Norwegian crude oil lifted in the 2nd quarter of 2007. 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 Forties and Varg for the 2nd quarter of 2007.
The Petroleum Price Board has set the following norm prices in NOK per barrel with
30 days of credit for the 2nd quarter of 2007:
|
April |
May |
June | |
|
Brent Blend (FOB Sullom Voe) |
405.27 |
405.08 |
429.74 |
|
Draugen (FOB loading buoy)1) |
413.38 |
413.21 |
448.36 |
|
Ekofisk (FOB Teesside) |
408.87 |
406.89 |
440.55 |
|
Glitne (FOB ship)1)5) |
380.05 |
375.62 |
401.59 |
|
Grane (FOB Sture) |
349.73 |
355.99 |
386.19 |
|
Gullfaks (FOB loading buoy)1)2) |
410.97 |
414.42 |
445.95 |
|
Heidrun (FOB Mongstad/delivered Tetney) |
393.56 |
393.64 |
419.53 |
|
Jotun (FOB ship)1) |
407.37 |
406.89 |
438.14 |
|
Njord (FOB ship)1)4) |
415.10 |
440.76 |
450.75 |
|
Norne (FOB ship)1) |
410.97 |
413.81 |
442.65 |
|
Oseberg (FOB Sture) |
410.07 |
410.20 |
443.85 |
|
Statfjord (FOB loading buoy)1)3) |
410.97 |
413.81 |
442.95 |
|
Troll (FOB Mongstad) |
412.78 |
413.51 |
438.14 |
|
Åsgard (FOB ship)1) |
422.38 |
423.45 |
454.66 |
1) Final normprices are to be set when the final freight costs are known.
2) Gullfaks Blend includes Gullfaks A+B, Gullfaks C and Tordis. Adjustments for freight costs will be made for each field.
3) Statfjord includes Snorre. Adjustment for freight cost will be made for each field.
4) Normprices for Njord in April, May and June are related to Brent around bill of lading. The corresponding exchange rate is also related to bill of lading.
5) Normprices for Glitne in May and June are related to Brent around bill of lading. The corresponding exchange rate is also related to bill of lading.
By using an average exchange rate1 for the months of the quarter:
| April | May | June | |
| NOK/USD 1) | 6.0040 | 6.0235 | 6.0061 |
The equivalent prices in USD are:
|
|
April |
Mai |
Juni |
|
Brent Blend (FOB Sullom Voe) |
67.50 |
67.25 |
71.55 |
|
Draugen (FOB loading buoy)1) |
68.85 |
68.60 |
74.65 |
|
Ekofisk (FOB Teesside) |
68.10 |
67.55 |
73.35 |
|
Glitne (FOB ship)1)5) |
63.30 |
62.15 |
67.45 |
|
Grane (FOB Sture) |
58.25 |
59.10 |
64.30 |
|
Gullfaks (FOB loading buoy)1)2) |
68.45 |
68.80 |
74.25 |
|
Heidrun (FOB Mongstad/delivered Tetney) |
65.55 |
65.35 |
69.85 |
|
Jotun (FOB ship)1) |
67.85 |
67.55 |
72.95 |
|
Njord (FOB ship)1)4) |
69.50 |
73.00 |
75.35 |
|
Norne (FOB ship)1) |
68.45 |
68.70 |
73.70 |
|
Oseberg (FOB Sture) |
68.30 |
68.10 |
73.90 |
|
Statfjord (FOB loading buoy)1)3) |
68.45 |
68.70 |
73.75 |
|
Troll (FOB Mongstad) |
68.75 |
68.65 |
72.95 |
|
Åsgard (FOB ship)1) |
70.35 |
70.30 |
75.70 |
2) Gullfaks Blend includes Gullfaks A+B, Gullfaks C and Tordis. Adjustments for freight costs will be made for each field.
3) Statfjord includes Snorre. Adjustment for freight cost will be made for each field.
4) Normprices for Njord in April, May and June are related to Brent around bill of lading. The corresponding exchange rate is also related to bill of lading.
5) Normprices for Glitne in May and June are related to Brent around bill of lading. The corresponding exchange rate is also related to bill of lading.