Weekly news, topics & discussion

This week, the Norwegian Offshore Directorate (NOD) released preliminary January production figures for the NCS, showing a 6.5% YOY decline, with overall production at 4.17mmboed on weaker gas output. Uncertainty remains over Kurdistan oil exports, with reports suggesting a potential March restart, although Turkey has yet to receive confirmation. In exploration, the NOD confirmed the Bounty Updip prospect as dry.

January NCS production down YOY

The Norwegian Offshore Directorate’s (NOD) preliminary January NCS figures showed liquids production of 1,990kboed (0.5% above its forecast) and soft gas production of 346mcm/d (2.6% below its estimate). Overall production was 4.17mmboed (1% below its forecast), down 2.8% MOM and 6.5% YOY. Company-wise, December production should be well known following the Q4 results for our NCS coverage.

Valuation update

In this note, we show updated valuation statistics for the E&P sector.

Oddo’s 2 Weeks Ahead_Friday 21 February 2025

Oddo’s 2 Weeks Ahead_Vendredi 21 Février 2025

Credit Morning 02/21/2025

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