Final norm prices for offshore-loaded Norwegian crude oil in 2008
Historical archive
Published under: Stoltenberg's 2nd Government
Publisher: Ministry of Petroleum and Energy
Press release | No: 49/09 | Date: 17/04/2009
The Petroleum Price Board has set final norm prices for offshore-loaded Norwegian crude oil lifted in 2008.
The Petroleum Price Board has set final norm prices for offshore-loaded Norwegian crude oil lifted in 2008. 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 for the 1st, 2nd and 3rd quarter of 2008 in NOK per barrel with 30 days of credit for 2008:
|
|
Draugen |
Gullfaks |
Jotun |
Norne |
Snorre |
Statfjord og Statfjord North |
|
Januar |
511.24 |
515.62 |
503.45 |
508.75 |
506.86 |
507.02 |
|
Februar |
525.33 |
532.39 |
521.34 |
526.89 |
525.54 |
525.71 |
|
Mars |
546.54 |
550.18 |
538.64 |
546.23 |
543.15 |
543.31 |
|
April |
567.60 |
572.45 |
563.60 |
570.08 |
565.02 |
565.17 |
|
Mai |
624.04 |
639.26 |
628.39 |
646.99 |
630.56 |
630.71 |
|
Juni |
689.92 |
704.88 |
689.46 |
714.54 |
690.64 |
690.80 |
|
Juli |
690.89 |
710.85 |
689.41 |
716.36 |
697.22 |
697.37 |
|
August |
610.37 |
633.32 |
618.41 |
|
622.56 |
622.72 |
|
September |
559.29 |
569.28 |
567.01 |
574.56 |
564.34 |
564.51 |
|
|
Statfjord East |
Sygna |
Tordis |
Vigdis |
Visund |
Åsgard |
|
Januar |
507.13 |
507.45 |
515.83 |
515.78 |
515.08 |
513.46 |
|
Februar |
525.81 |
526.14 |
532.61 |
532.55 |
531.85 |
529.96 |
|
Mars |
543.41 |
543.72 |
550.38 |
550.33 |
549.66 |
548.38 |
|
April |
565.27 |
565.58 |
572.65 |
572.60 |
571.95 |
570.18 |
|
Mai |
630.81 |
631.12 |
639.46 |
639.41 |
638.75 |
638.75 |
|
Juni |
690.90 |
691.21 |
705.08 |
705.03 |
704.36 |
698.97 |
|
Juli |
697.48 |
697.78 |
711.05 |
711.00 |
710.34 |
695.28 |
|
August |
622.83 |
623.15 |
633.53 |
633.48 |
632.79 |
608.56 |
|
September |
564.63 |
564.97 |
569.51 |
569.45 |
568.72 |
557.93 |
Based on the average exchange rates for each month are the prices in USD/barrel:
|
|
Draugen |
Gullfaks |
Jotun |
Norne |
Snorre |
Statfjord og Statfjord North |
|
Januar |
94.56 |
95.37 |
93.12 |
94.10 |
93.75 |
93.78 |
|
Februar |
97.46 |
98.77 |
96.72 |
97.75 |
97.50 |
97.53 |
|
Mars |
106.61 |
107.32 |
105.07 |
106.55 |
105.95 |
105.98 |
|
April |
112.26 |
113.22 |
111.47 |
112.75 |
111.75 |
111.78 |
|
Mai |
123.46 |
126.47 |
124.32 |
128.00 |
124.75 |
124.78 |
|
Juni |
134.26 |
137.17 |
134.17 |
139.05 |
134.40 |
134.43 |
|
Juli |
135.36 |
139.27 |
135.07 |
140.35 |
136.60 |
136.63 |
|
August |
114.61 |
118.92 |
116.12 |
|
116.90 |
116.93 |
|
September |
98.51 |
100.27 |
99.87 |
101.20 |
99.40 |
99.43 |
|
|
Statfjord East |
Sygna |
Tordis |
Vigdis |
Visund |
Åsgard |
|
Januar |
93.80 |
93.86 |
95.41 |
95.40 |
95.27 |
94.97 |
|
Februar |
97.55 |
97.61 |
98.81 |
98.80 |
98.67 |
98.32 |
|
Mars |
106.00 |
106.06 |
107.36 |
107.35 |
107.22 |
106.97 |
|
April |
111.80 |
111.86 |
113.26 |
113.25 |
113.12 |
112.77 |
|
Mai |
124.80 |
124.86 |
126.51 |
126.50 |
126.37 |
126.37 |
|
Juni |
134.45 |
134.51 |
137.21 |
137.20 |
137.07 |
136.02 |
|
Juli |
136.65 |
136.71 |
139.31 |
139.30 |
139.17 |
136.22 |
|
August |
116.95 |
117.01 |
118.96 |
118.95 |
118.82 |
114.27 |
|
September |
99.45 |
99.51 |
100.31 |
100.30 |
100.17 |
98.27 |
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 |
Date of shipment | |||
|
Glitne1) |
17.1.2008 |
454.38 |
Njord 1) |
15.1.2008 |
494.55 |
|
5.2.2008 |
469.63 |
|
11.2.2008 |
527.94 | |
|
20.2.2008 |
498.01 |
|
11.3.2008 |
562.27 | |
|
9.3.2008 |
517.51 |
|
10.4.2008 |
555.79 | |
|
4.4.2008 |
505.30 |
|
10.5.2008 |
635.30 | |
|
19.4.2008 |
533.67 |
|
9.6.2008 |
690.35 | |
|
8.5.2008 |
598.75 |
|
18.7.2008 |
686.43 | |
|
27.5.2008 |
617.93 |
|
18.8.2008 |
613.15 | |
|
13.6.2008 |
659.87 |
|
16.9.2008 |
526.17 | |
|
2.7.2008 |
700.58 |
|
17.10.2008 |
453.47 | |
|
22.7.2008 |
625.76 |
|
24.11.2008 |
350.93 | |
|
10.8.2008 |
572.37 |
|
21.12.2008 |
265.25 | |
|
13.9.2008 |
513.69 |
|
|||
|
2.10.2008 |
516.49 |
|
|||
|
21.10.2008 |
428.82 |
|
|||
|
2.11.2008 |
382.90 |
|
|||
|
18.11.2008 |
320.67 |
|
|||
|
|
11.12.2008 |
271.23 |
|
|
|
The equivalent prices in USD are:
|
|
Date of shipment |
Date of shipment | |||
|
Glitne1) |
17.1.2008 |
84.04 |
Njord1) |
15.1.2008 |
93.01 |
|
5.2.2008 |
85.99 |
11.2.2008 |
95.76 | ||
|
20.2.2008 |
93.04 |
11.3.2008 |
109.96 | ||
|
9.3.2008 |
101.04 |
10.4.2008 |
110.56 | ||
|
4.4.2008 |
98.89 |
10.5.2008 |
124.86 | ||
|
19.4.2008 |
106.94 |
9.6.2008 |
134.96 | ||
|
8.5.2008 |
117.69 |
18.7.2008 |
135.11 | ||
|
27.5.2008 |
123.04 |
18.8.2008 |
113.46 | ||
|
13.6.2008 |
126.94 |
16.9.2008 |
91.01 | ||
|
2.7.2008 |
137.89 |
17.10.2008 |
69.06 | ||
|
22.7.2008 |
122.49 |
24.11.2008 |
49.81 | ||
|
10.8.2008 |
107.84 |
21.12.2008 |
38.11 | ||
|
13.9.2008 |
88.99 |
|
|||
|
2.10.2008 |
86.74 |
|
|||
|
21.10.2008 |
62.89 |
|
|||
|
02.11.2008 |
57.59 |
|
|||
|
18.11.2008 |
45.84 |
|
|||
|
|
11.12.2008 |
38.79 |
|
|
|
Due to high price volatility norm prices for the 4th quarter 2008 were set on a daily basis. The price differential between Brent Blend and the different crude qualities after adjusting for actual transportation costs for these cargoes are for each month as follow:
|
October |
November |
December | |
|
Draugen |
1.41 |
3.16 |
-0.94 |
|
Gullfaks |
2.92 |
3.97 |
2.47 |
|
Jotun |
0.52 |
1.67 |
0.22 |
|
Norne |
3.75 |
4.55 |
1.40 |
|
Snorre |
1.05 |
2.70 |
1.10 |
|
Statfjord og Statfjord North |
1.08 |
2.73 |
1.13 |
|
Statfjord East |
1.10 |
2.75 |
1.15 |
|
Sygna |
1.16 |
2.81 |
1.21 |
|
Tordis |
2.96 |
4.01 |
2.51 |
|
Vigdis |
2.95 |
4.00 |
2.50 |
|
Visund |
2.82 |
3.87 |
2.37 |
|
Åsgard |
1.57 |
2.32 |
-1.13 |