Final norm prices for offshore-loaded Norwegian crude oil in 2003
Historical archive
Published under: Bondevik's 2nd Government
Publisher: Ministry of Petroleum and Energy
Press release | Date: 28/04/2004 | Last updated: 24/10/2006
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.(28.04.04)
Press release
No.: 32/04E
Date: 28-04.2004
Contact: Lars Nermoen, +47 22 24 61 07
Final norm prices for offshore-loaded Norwegian crude oil in 2003
The Petroleum Price Board has set final norm prices for offshore-loaded Norwegian crude oil lifted in 2003. 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 2003:
Draugen | Glitne | Gullfaks A+B | Gullfaks C | Njord | Norne | Snorre | |
January | 215.95 | 208.36 | 222.99 | 223.34 | 228.79 | 219.40 | 221.34 |
February | 231.30 | 222.55 | 232.84 | 233.89 | 236.97 | 229.90 | 232.91 |
March | 227.13 | 209.70 | 228.36 | 228.36 | 227.56 | 225.67 | 227.71 |
April | 182.61 | 171.41 | 183.48 | 185.28 | 192.07 | 183.33 | 184.99 |
May | 171.30 | 163.48 | 171.78 | 175.18 | 176.13 | 176.74 | 173.88 |
June | 191.70 | 183.65 | 194.64 | 196.04 | 195.97 | 194.85 | 195.06 |
July | 206.53 | 198.15 | 209.23 | 208.86 | 207.70 | 207.62 | 207.11 |
August | 218.95 | 210.05 | 221.69 | 221.69 | 220.51 | 221.17 | 220.66 |
September | 198.24 | 188.01 | 198.02 | 198.75 | 200.14 | 199.33 | 198.09 |
October | 208.87 | 199.02 | 208.66 | 210.42 | 212.11 | 207.81 | 209.43 |
November | 204.11 | 193.60 | 204.25 | 205.65 | 207.33 | 202.71 | 204.32 |
December | 201.46 | 189.38 | 200.58 | 202.26 | 203.20 | 199.78 | 202.33 |
Statfjord og Statfjord Nord | Statfjord Øst | Sygna | Tordis | Vigdis | Visund | Åsgard | |
January | 221.96 | 221.75 | 221.96 | 223.55 | 223.13 | 223.06 | 221.06 |
February | 233.54 | 233.33 | 233.54 | 234.10 | 232.98 | 232.91 | 233.68 |
March | 228.36 | 228.14 | 228.36 | 228.58 | 228.51 | 228.43 | 230.69 |
April | 185.64 | 185.43 | 185.64 | 185.50 | 183.62 | 183.55 | 184.70 |
May | 174.50 | 174.29 | 174.50 | 175.38 | 171.91 | 171.84 | 175.31 |
June | 195.69 | 195.48 | 195.69 | 196.25 | 194.78 | 194.71 | 195.83 |
July | 207.77 | 207.55 | 207.77 | 209.08 | 209.37 | 209.30 | 210.10 |
August | 221.32 | 221.10 | 221.32 | 221.92 | 221.84 | 221.77 | 221.47 |
September | 198.75 | 198.53 | 198.75 | 198.97 | 198.17 | 198.09 | 198.17 |
October | 210.07 | 209.86 | 210.07 | 210.63 | 208.80 | 208.73 | 206.34 |
November | 204.95 | 204.74 | 204.95 | 205.86 | 204.39 | 204.32 | 206.49 |
December | 202.93 | 202.73 | 202.93 | 202.46 | 200.72 | 200.65 | 204.41 |
Based on the average exchange rates for each month, the prices in USD/barrel are:
Draugen | Glitne | Gullfaks A+B | Gullfaks C | Njord | Norne | Snorre | |
January | 31.28 | 30.18 | 32.30 | 32.35 | 33.14 | 31.78 | 32.06 |
February | 33.03 | 31.78 | 33.25 | 33.40 | 33.84 | 32.83 | 33.26 |
March | 31.28 | 28.88 | 31.45 | 31.45 | 31.34 | 31.08 | 31.36 |
April | 25.28 | 23.73 | 25.40 | 25.65 | 26.59 | 25.38 | 25.61 |
May | 25.18 | 24.03 | 25.25 | 25.75 | 25.89 | 25.98 | 25.56 |
June | 27.38 | 26.23 | 27.80 | 28.00 | 27.99 | 27.83 | 27.86 |
July | 28.33 | 27.18 | 28.70 | 28.65 | 28.49 | 28.48 | 28.41 |
August | 29.53 | 28.33 | 29.90 | 29.90 | 29.74 | 29.83 | 29.76 |
September | 27.13 | 25.73 | 27.10 | 27.20 | 27.39 | 27.28 | 27.11 |
October | 29.68 | 28.28 | 29.65 | 29.90 | 30.14 | 29.53 | 29.76 |
November | 29.13 | 27.63 | 29.15 | 29.35 | 29.59 | 28.93 | 29.16 |
December | 30.03 | 28.23 | 29.90 | 30.15 | 30.29 | 29.78 | 30.16 |
Statfjord og Statfjord Nord | Statfjord Øst | Sygna | Tordis | Vigdis | Visund | Åsgard | |
January | 32.15 | 32.12 | 32.15 | 32.38 | 32.32 | 32.31 | 32.02 |
February | 33.35 | 33.32 | 33.35 | 33.43 | 33.27 | 33.26 | 33.37 |
March | 31.45 | 31.42 | 31.45 | 31.48 | 31.47 | 31.46 | 31.77 |
April | 25.70 | 25.67 | 25.70 | 25.68 | 25.42 | 25.41 | 25.57 |
May | 25.65 | 25.62 | 25.65 | 25.78 | 25.27 | 25.26 | 25.77 |
June | 27.95 | 27.92 | 27.95 | 28.03 | 27.82 | 27.81 | 27.97 |
July | 28.50 | 28.47 | 28.50 | 28.68 | 28.72 | 28.71 | 28.82 |
August | 29.85 | 29.82 | 29.85 | 29.93 | 29.92 | 29.91 | 29.87 |
September | 27.20 | 27.17 | 27.20 | 27.23 | 27.12 | 27.11 | 27.12 |
October | 29.85 | 29.82 | 29.85 | 29.93 | 29.67 | 29.66 | 29.32 |
November | 29.25 | 29.22 | 29.25 | 29.38 | 29.17 | 29.16 | 29.47 |
December | 30.25 | 30.22 | 30.25 | 30.18 | 29.92 | 29.91 | 30.47 |