Historical archive

Final norm prices for offshore-loaded Norwegian crude oil in 2007

Historical archive

Published under: Stoltenberg's 2nd Government

Publisher: Ministry of Petroleum and Energy

The Petroleum Price Board has set final norm prices for offshore-loaded Norwegian crude oil lifted in 2007.

The Petroleum Price Board has set final norm prices for offshore-loaded Norwegian crude oil lifted in 2007. 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 2007:

  

 

Draugen

Glitne1

Gullfaks

Jotun

Njord2

Norne

Snorre

January

345.83

304.06

348.95

340.67

341.95

347.74

346.14

February

363.45

329.98

365.24

359.98

357.60

365.92

363.14

March

394.68

352.57

391.86

386.63

393.82

393.15

389.15

April

413.38

379.69

410.61

406.11

415.16

410.97

410.37

Mai

413.21

375.26

414.06

405.62

440.82

413.81

413.21

June

448.36

401.23

445.59

436.88

450.81

442.65

442.35

July

458.11

430.85

456.61

451.11

460.16

458.98

457.24

August

422.64

383.36

427.85

419.36

421.21

426.44

423.22

September

442.19

404.06

444.11

436.22

447.06

443.60

442.19

October

454.41

 

460.85

450.30

 

457.12

454.96

November

509.59

 

513.05

504.39

 

512.03

509.05

December

508.99

 

514.43

502.88

 

507.06

507.34

 

1) Normprices for Glitne in January, march, May, June, 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 January, February, April, May, June, July, August and September 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

346.34

346.46

346.02

348.56

348.63

348.82

355.19

February

363.32

363.45

363.01

364.87

364.93

365.12

372.54

March

389.34

389.46

389.03

391.49

391.55

391.73

402.18

April

410.55

410.67

410.25

410.25

410.31

410.49

422.50

Mai

413.39

413.51

413.09

413.69

413.75

413.93

423.57

June

442.53

442.65

442.23

445.23

445.29

445.47

454.78

July

457.42

457.53

457.13

456.26

456.32

456.49

466.91

August

423.40

423.52

423.11

427.50

427.55

427.73

427.73

September

442.36

442.47

442.08

443.77

443.83

443.99

443.15

October

455.12

455.23

454.85

460.53

460.58

460.74

463.99

November

509.21

509.32

508.94

512.73

512.78

512.95

515.65

December

507.50

507.61

507.23

514.10

514.15

514.32

515.42

 

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

 

 

 

 

Draugen

Glitne1)

Gullfaks A+B

    Gullfaks Jotun

Njord2)

Norne

Snorre

January

54.30

47.29

54.79

53.49

53.31

54.60

54.35

February

58.75

53.34

59.04

58.19

57.21

59.15

58.70

March

64.25

57.19

63.79

62.94

64.11

64.00

63.35

April

68.85

63.24

68.39

67.64

69.51

68.45

68.35

Mai

68.60

62.09

68.74

67.34

73.01

68.70

68.60

June

74.65

67.39

74.19

72.74

75.36

73.70

73.65

July

79.15

74.94

78.89

77.94

79.16

79.30

79.00

August

72.20

65.49

73.09

71.64

70.81

72.85

72.30

September

78.45

71.89

78.79

77.39

80.41

78.70

78.45

October

84.00

 

85.19

83.24

 

84.50

84.10

November

94.10

 

94.74

93.14

 

94.55

94.00

December

92.60

 

93.59

91.49

 

92.25

92.30

 

1) Normprices for Glitne in January, march, May, June, 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 January, February, April, May, June, July, August and September 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

54.38

54.40

54.33

54.73

54.74

54.77

55.77

February

58.73

58.75

58.68

58.98

58.99

59.02

60.22

March

63.38

63.40

63.33

63.73

63.74

63.77

65.47

April

68.38

68.40

68.33

68.33

68.34

68.37

70.37

Mai

68.63

68.65

68.58

68.68

68.69

68.72

70.32

June

73.68

73.70

73.63

74.13

74.14

74.17

75.72

July

79.03

79.05

78.98

78.83

78.84

78.87

80.67

August

72.33

72.35

72.28

73.03

73.04

73.07

73.07

September

78.48

78.50

78.43

78.73

78.74

78.77

78.62

October

84.13

84.15

84.08

85.13

85.14

85.17

85.77

November

94.03

94.05

93.98

94.68

94.69

94.72

95.22

December

92.33

92.35

92.28

93.53

93.54

93.57

93.77

                

 

The following normprices have been set for Glitne and Njord in the 4th quarter 2007, related to Brent around bill of lading:   

 

 

 

 

Date of shipment

 

Glitne

11.10.2007

404,61

 

02.11.2007

462,67

 

30.11.2007

470,66

 

14.12.2007

477,79

 

31.12.2007

501,28

 

 

Date of shipment

 

Njord

21.10.2007

462,01

 

14.11.2007

503,97

 

15.12.2007

513,01

 

The equivalent prices in USD are:

 

Date of shipment

 

Glitne

11.10.2007

74,59

 

02.11.2007

85,74

 

30.11.2007

85,54

 

14.12.2007

87,09

 

31.12.2007

92,54

 

 

Date of shipment

 

Njord

21.10.2007

85,46

 

14.11.2007

92,81

 

15.12.2007

93,51