Historisk arkiv

Norm prices for Norwegian crude oil 3nd quarter 2010

Historisk arkiv

Publisert under: Regjeringen Stoltenberg II

Utgiver: Olje- og energidepartementet

The Petroleum Price Board (PPB) has set Norm Prices for Norwegian crude oil lifted in the 3nd quarter of 2010. 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.

The Petroleum Price Board (PPB) has set Norm Prices for Norwegian crude oil lifted in the 3nd quarter of 2010. 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 Forties and Varg for the 3nd quarter of 2010.

The Petroleum Price Board has set the following Norm Prices in NOK per barrel with
30 days of credit for the 3nd quarter of 2010:

 

July

August

September

Brent Blend (FOB Sullom Voe)

475.25

474.80

471.51

Alvheim (FOB loading buoy)1)

493.78

492.95

487.27

Ekofisk (FOB Teesside)

482.79

485.57

479.70

Grane (FOB Sture)

460.49

465.57

455.76

Gullfaks (FOB loading buoy)1)3)

491.27

488.64

482.73

Heidrun (FOB Mongstad/delivered Tetney)

480.59

480.95

469.39

Norne (FOB ship)1)

490.95

494.49

486.36

Oseberg (FOB Sture)

484.99

486.49

480.00

Statfjord ((FOB loading buoy)1)

486.24

487.10

477.58

Troll (FOB Mongstad)

490.01

490.80

486.67

Volve ( FOB loading buoy)1)

462.37

457.56

461.82

Åsgard (FOB ship)1)

473.05

475.10

470.00


By using a monthly average exchange rate:

 

Juli

August

September

NOK/USD (Norges Bank)

6.2822

6.1542

6.0606

The equivalent prices in USD are:

 

July

August

September

Brent Blend (FOB Sullom Voe)

75.65

77.15

77.80

Alvheim (FOB loading buoy)1)

78.60

80.10

80.40

Ekofisk (FOB Teesside)

76.85

78.90

79.15

Grane (FOB Sture)

73.30

75.65

75.20

Gullfaks (FOB loading buoy)1)3)

78.20

79.40

79.65

Heidrun (FOB Mongstad/delivered Tetney)

76.50

78.15

77.45

Norne (FOB ship)1)

78.15

80.35

80.25

Oseberg (FOB Sture)

77.20

79.05

79.20

Statfjord ((FOB loading buoy)1)

77.40

79.15

78.80

Troll (FOB Mongstad)

78.00

79.75

80.30

Volve ( FOB loading buoy)1)

73.60

74.35

76.20

 

The following Norm Prices have been set for Njord and Glitne in NOK per barrel. related to Brent around bill of lading:

Bill of lading

NOK/barrel

Glitne (FOB loading buoy)1)

04.07.2010

69.55

08.08.2010

77.55

22.09.2010

76.50

Njord (FOB loading buoy)1)

14.07.2010

77.20

11.08.2010

80.15

 

18.09.2010

78.95

Draugen (FOB loading buoy)1)

03.07.2010

73.95

24.07.2010

78.35

13.08.2010

76.90

03.09.2010

76.25

 

21.09.2010

78.95

Jotun (FOB loading buoy)1)

02.07.2010

72.30

12.07.2010

75.10

23.07.2010

78.25

30.07.2010

81.45

13.08.2010

77.15

17.08.2010

76.00

08.09.2010

76.90

21.09.2010

78.05

 

30.09.2010

81.25

 

The equivalent prices in USD are:

Bill of lading

dollar/barrel

Glitne (FOB loading buoy)1)

04.07.2010

69.55

08.08.2010

77.55

22.09.2010

76.50

Njord (FOB loading buoy)1)

14.07.2010

77.20

11.08.2010

80.15

 

18.09.2010

78.95

Draugen (FOB loading buoy)1)

03.07.2010

73.95

24.07.2010

78.35

13.08.2010

76.90

03.09.2010

76.25

 

21.09.2010

78.95

Jotun (FOB loading buoy)1)

02.07.2010

72.30

12.07.2010

75.10

23.07.2010

78.25

30.07.2010

81.45

13.08.2010

77.15

17.08.2010

76.00

08.09.2010

76.90

21.09.2010

78.05

 

30.09.2010

81.25

 

Norm prices form the basis for the taxation of the crude oil producers’ earnings on the Norwegian Shelf. When deciding the norm prices. The Petroleum Price Council shall according to the Petroleum Tax Act. take into account relevant factors such as price and sales data from the companies and perform an assessment of the oil market.

1) The Norm Prices for the shipments from loading buoys have not been adjusted for freight costs in the permit licenses.

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.

From the 1st of October the Norm Prices will set on a daily basis.

The prices in Excel format (xlsx - 16 kb)