Historical archive

Norm prices for Norwegian crude oil 4th quarter 2003

Historical archive

Published under: Bondevik's 2nd Government

Publisher Ministry of Petroleum and Energy

The Petroleum Price Board (PPB) has set normprices for Norwegian crude oil. (05.04.04)

Press release

No.: 25/04
Date: 05.04.2004

Contact: Lars Nermoen, +47 22 24 61 07

Norm prices for Norwegian crude oil 4th quarter 2003

The Petroleum Price Board (PPB) has set normprices for Norwegian crude oil lifted in the 4 th> quarter of 2003. The normprices 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 normprices for Jotun, Forties and Varg for the 4 th> quarter of 2003.

The Petroleum Price Board has set the following norm prices in NOK per barrel with
30 days of credit for the 4 th> quarter of 2003:

October

November

December

Brent Blend (FOB Sullom Voe)

208,66

201,45

200,25

Draugen (FOB lastebøye)1)

209,01

204,25

201,59

Ekofisk (FOB Teesside)

210,42

203,90

200,25

Glitne (FOB skip)1)

198,45

193,04

188,84

Gullfaks A+B (FOB lastebøye)1)

208,66

204,25

200,58

Gullfaks C (FOB lastebøye)1)

210,42

205,65

202,26

Heidrun (FOB Mongstad/fritt levert Tetney)

204,08

195,84

192,53

Njord (FOB skip)1)

212,18

207,40

203,27

Norne (FOB skip)1)

207,96

202,85

199,91

Oseberg (FOB Sture)

210,07

203,90

201,26

Snorre (FOB lastebøye)1)

209,71

204,60

202,60

Statfjord (FOB lastebøye)1)

209,71

204,60

202,60

Tordis (FOB lastebøye)1)

210,42

205,65

202,26

Troll (FOB Mongstad)

205,84

199,69

198,24

Åsgard (FOB skip)1)

206,20

206,35

204,27

1>) Final norm prices are to be set when the final freight costs in 2003 are known.

By using an average exchange rate for the months of the quarter, the equivalent prices in USD are:

October

November

December

Brent Blend (FOB Sullom Voe)

29,65

28,75

29,85

Draugen (FOB lastebøye)1)

29,70

29,15

30,05

Ekofisk (FOB Teesside)

29,90

29,10

29,85

Glitne (FOB skip)1)

28,20

27,55

28,15

Gullfaks A+B (FOB lastebøye)1)

29,65

29,15

29,90

Gullfaks C (FOB lastebøye)1)

29,90

29,35

30,15

Heidrun (FOB Mongstad/fritt levert Tetney)

29,00

27,95

28,70

Njord (FOB skip)1)

30,15

29,60

30,30

Norne (FOB skip)1)

29,55

28,95

29,80

Oseberg (FOB Sture)

29,85

29,10

30,00

Snorre (FOB lastebøye)1)

29,80

29,20

30,20

Statfjord (FOB lastebøye)1)

29,80

29,20

30,20

Tordis (FOB lastebøye)1)

29,90

29,35

30,15

Troll (FOB Mongstad)

29,25

28,50

29,55

Åsgard (FOB skip)1)

29,30

29,45

30,45

1>) Final norm prices are to be set when the final freight costs in 2003 are known.