Historical archive

Final norm prices for offshore-loaded Norwegian crude oil in 2005

Historical archive

Published under: Stoltenberg's 2nd Government

Publisher: Ministry of Petroleum and Energy

The Petroleum Price Board has set final norm prices for offshore-loaded Norwegian crude oil (21.04.2006)

Press release

No.: 47/06
Date: 21.04.2006

Contact: Trude Larstad, +47 22 24 61 07

Final norm prices for offshore-loaded Norwegian crude oil in 2005

The Petroleum Price Board has set final norm prices for offshore-loaded Norwegian crude oil lifted in 2005. 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 2005:

Draugen

Glitne

Gullfaks A+B

Gullfaks C

Njord

Norne

Snorre

January

283.03

250.78

282.53

282.53

284.97

282.03

281.84

February

293.56

252.95

286.65

289.85

287.23

291.58

291.38

March

328.20

301.25

325.54

329.26

335.39

328.45

328.89

April

328.38

291.78

328.19

329.14

332.55

328.63

327.81

Mai

301.86

284.26

304.54

304.54

313.71

310.08

306.07

June

349.81

315.42

352.21

352.21

357.34

354.61

351.17

July

379.73

346.06

382.17

382.17

383.75

383.61

380.78

August

415.47

385.52

418.18

418.18

424.23

418.30

415.86

September

405.02

381.34

401.33

401.33

408.27

409.10

405.09

October

384.16

350.25

383.64

383.64

389.12

391.60

382.27

November

369.79

333.59

372.92

372.92

377.39

379.69

374.84

December

390.49

353.17

390.63

390.63

398.30

396.14

390.23

1) Normprices for Glitne in April, May, July and September are related to Brent around bill of lading. The corresponding exchange rate is also related to bill of lading.

2) Normprices for Njord in November are related to Brent around bill of lading. The corresponding exchange rate is also related to bill of lading.

Statfjord og Statfjord North

Statfjord East

Sygna

Tordis

Vigdis

Visund

Åsgard

January

282.41

282.53

281.72

282.84

282.47

282.53

288.98

February

291.96

292.09

291.26

290.17

286.59

286.65

300.91

March

329.44

329.57

328.76

329.57

325.48

325.54

335.64

April

328.38

328.51

327.69

329.46

328.13

328.19

334.70

Mai

306.64

306.77

305.94

304.86

304.47

304.54

317.15

June

351.76

351.89

351.04

352.54

352.15

352.21

360.19

July

381.38

381.51

380.65

382.50

382.10

382.17

387.96

August

416.44

416.57

415.73

418.50

418.11

418.18

423.20

September

405.66

405.79

404.96

401.65

401.26

401.33

410.76

October

382.86

382.99

382.14

383.97

383.58

383.64

389.05

November

375.44

375.57

374.71

373.25

372.85

372.92

381.75

December

390.83

390.96

390.09

390.96

390.56

390.63

396.55

Based on the average exchange rates for each month are the prices in USD/barrel:

Draugen

Glitne 1)>

Gullfaks A+B

Gullfaks C

Njord 2)>

Norne

Snorre

January

45.21

40.06

45.13

45.13

45.52

45.05

45.02

February

45.91

39.56

44.83

45.33

44.92

45.60

45.57

March

52.96

48.61

52.53

53.13

54.12

53.00

53.07

April

51.96

46.21

51.93

52.08

52.62

52.00

51.87

Mai

47.41

45.11

47.83

47.83

49.27

48.70

48.07

June

53.91

48.61

54.28

54.28

55.07

54.65

54.12

July

57.71

52.51

58.08

58.08

58.32

58.30

57.87

August

64.51

59.86

64.93

64.93

65.87

64.95

64.57

September

63.56

59.61

62.98

62.98

64.07

64.20

63.57

October

58.91

53.71

58.83

58.83

59.67

60.05

58.62

November

55.66

50.21

56.13

56.13

56.97

57.15

56.42

December

58.06

52.51

58.08

58.08

59.22

58.90

58.02

1) Normprices for Glitne in April, May, July and September are related to Brent around bill of lading. The corresponding exchange rate is also related to bill of lading.

2) Normprices for Njord in November are related to Brent around bill of lading. The corresponding exchange rate is also related to bill of lading.

Statfjord og Statfjord North

Statfjord East

Sygna

Tordis

Vigdis

Visund

Åsgard

January

45.11

45.13

45.00

45.18

45.12

45.13

46.16

February

45.66

45.68

45.55

45.38

44.82

44.83

47.06

March

53.16

53.18

53.05

53.18

52.52

52.53

54.16

April

51.96

51.98

51.85

52.13

51.92

51.93

52.96

Mai

48.16

48.18

48.05

47.88

47.82

47.83

49.81

June

54.21

54.23

54.10

54.33

54.27

54.28

55.51

July

57.96

57.98

57.85

58.13

58.07

58.08

58.96

August

64.66

64.68

64.55

64.98

64.92

64.93

65.71

September

63.66

63.68

63.55

63.03

62.97

62.98

64.46

October

58.71

58.73

58.60

58.88

58.82

58.83

59.66

November

56.51

56.53

56.40

56.18

56.12

56.13

57.46

December

58.11

58.13

58.00

58.13

58.07

58.08

58.96