Normprices for Norwegian crude oil 1st quarter 2008
Historical archive
Published under: Stoltenberg's 2nd Government
Publisher: Ministry of Petroleum and Energy
Press release | No: 92/08 | Date: 17/06/2008 | Last updated: 02/07/2008
The Petroleum Price Board (PPB) has set normprices for Norwegian crude oil lifted in the 1st quarter of 2008. 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.
The Petroleum Price Board (PPB) has set normprices for Norwegian crude oil lifted in the 1st quarter of 2008. 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 Forties and Varg for the 1st quarter of 2008.
The Petroleum Price Board has set the following norm prices in NOK per barrel with
30 days of credit for the 1st quarter of 2008:
|
|
January |
February |
March |
|
Brent Blend (FOB Sullom Voe) |
497.40 |
512.34 |
531.36 |
|
Draugen (FOB loading buoy)1) |
511.45 |
525.54 |
546.74 |
|
Ekofisk (FOB Teesside) |
504.97 |
522.58 |
542.38 |
|
Grane (FOB Sture) |
461.99 |
480.00 |
498.55 |
|
Gullfaks Blend (FOB loading buoy)1)2) |
515.78 |
532.55 |
550.33 |
|
Heidrun (FOB Mongstad/delivered Tetney) |
486.86 |
503.44 |
522.90 |
|
Jotun (FOB ship)1) |
503.35 |
521.23 |
538.54 |
|
Norne (FOB ship)1) |
508.75 |
526.89 |
546.23 |
|
Oseberg (FOB Sture) |
509.02 |
525.01 |
544.95 |
|
Statfjord (FOB loading buoy)1)3) |
507.67 |
526.35 |
543.92 |
|
Troll (FOB Mongstad) |
509.29 |
526.89 |
545.97 |
|
Åsgard (FOB ship)1) |
513.62 |
530.13 |
548.54 |
1) Final normprices are to be set when the final freight costs are known.
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.
By using an average exchange rate for the months of the quarter:
|
|
January |
February |
March |
|
NOK/USD1) |
5.4065 |
5.3902 |
5.1265 |
The equivalent prices in USD are:
|
|
January |
February |
March |
|
Brent Blend (FOB Sullom Voe) |
92.00 |
95.05 |
103.65 |
|
Draugen (FOB loading buoy)1) |
94.60 |
97.50 |
106.65 |
|
Ekofisk (FOB Teesside) |
93.40 |
96.95 |
105.80 |
|
Grane (FOB Sture) |
85.45 |
89.05 |
97.25 |
|
Gullfaks Blend (FOB loading buoy)1)2) |
95.40 |
98.80 |
107.35 |
|
Heidrun (FOB Mongstad/delivered Tetney) |
90.05 |
93.40 |
102.00 |
|
Jotun (FOB ship)1) |
93.10 |
96.70 |
105.05 |
|
Norne (FOB ship)1) |
94.10 |
97.75 |
106.55 |
|
Oseberg (FOB Sture) |
94.15 |
97.40 |
106.30 |
|
Statfjord (FOB loading buoy)1)3) |
93.90 |
97.65 |
106.10 |
|
Troll (FOB Mongstad) |
94.20 |
97.75 |
106.50 |
|
Åsgard (FOB ship)1) |
95.00 |
98.35 |
107.00 |
1) Final normprices are to be set when the final freight costs are known.
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.
The following normprices have been set for Njord and Glitne in NOK per barrel, related to Brent around bill of lading:
|
|
Date of shipment |
| |
|
Glitne (FOB loading bouy)1) |
17.01.2008 |
|
454.70 |
|
|
05.02.2008 |
|
469.95 |
|
|
20.02.2008 |
|
498.33 |
|
|
09.03.2008 |
|
517.81 |
|
Njord (FOB loading bouy)1) |
15.01.2008 |
|
494.50 |
|
|
11.02.2008 |
|
527.89 |
|
|
11.03.2008 |
|
562.22 |
1) Final normprices are to be set when the final freight costs are known.
The equivalent prices in USD are:
|
|
Date of shipment |
| |
|
Glitne (FOB loading bouy)1) |
17.01.2008 |
|
84.10 |
|
|
05.02.2008 |
|
86.05 |
|
|
20.02.2008 |
|
93.10 |
|
|
09.03.2008 |
|
101.10 |
|
Njord (FOB loading bouy)1) |
15.01.2008 |
|
93.00 |
|
|
11.02.2008 |
|
95.75 |
|
|
11.03.2008 |
|
109.95 |
1) Final normprices are to be set when the final freight costs are known.