Historisk arkiv

Norm prices for Norwegian crude oil 4th quarter 2005

Historisk arkiv

Publisert under: Regjeringen Stoltenberg II

Utgiver: Olje- og energidepartementet

Press release

No.: 40/06E
Date: 03.04.2006

Contact: Sissel Edvardsen, 22 24 61 09

Norm prices for Norwegian crude oil 4th quarter 2005

The Petroleum Price Board (PPB) has set normprices for Norwegian crude oil lifted in the 4th quarter of 2005. 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 4th quarter of 2005.

The Petroleum Price Board has set the following norm prices in NOK per barrel with
30 days of credit for the 4th quarter of 2005:

October

November

December

Brent Blend (FOB Sullom Voe)2)

(382.14)

366.41

382.69

Draugen (FOB loading buoy)1)

384.42

370.06

390.76

Ekofisk (FOB Teesside)

380.19

368.73

383.70

Glitne (FOB ship)1)

348.56

331.86

351.42

Grane (FOB Sture)

328.34

310.60

328.55

Gullfaks Blend (FOB loading buoy)1)3)

383.77

373.05

390.76

Heidrun (FOB Mongstad/delivered Tetney)

368.45

354.11

370.25

Jotun (FOB ship)1)

382.47

375.04

386.73

Njord (FOB ship)1)5)

388.99

377.25

398.16

Norne (FOB ship)1)

391.60

379.69

396.14

Oseberg (FOB Sture)

384.42

371.06

387.06

Statfjord (FOB loading buoy)1)4)

382.79

375.37

390.76

Troll (FOB Mongstad)

388.66

373.71

389.75

Åsgard (FOB ship)1)

388.99

381.69

396.48

1) Final norm prices are published in a separate press realese today.

2) No normprice for Brent in October.

3) Gullfaks Blend includes Gullfaks A+B, Gullfaks C and Tordis. Adjustments for freight costs will be made for each field.

4) Statfjord includes Snorre. Adjustment for freight cost will be made for each field.

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

By using an average exchange rate 5 >for the months of the quarter:

October

November

December

NOK/USD

6.5212

6.6438

6.7257

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

The equivalent prices in USD are:

October

November

December

Brent Blend (FOB Sullom Voe)2)

58.60

55.15

56.90

Draugen (FOB loading buoy)1)

58.95

55.70

58.10

Ekofisk (FOB Teesside)

58.30

55.50

57.05

Glitne (FOB ship)1)

53.45

49.95

52.25

Grane (FOB Sture)

50.35

46.75

48.85

Gullfaks Blend (FOB loading buoy)1)3)

58.85

56.15

58.10

Heidrun (FOB Mongstad/delivered Tetney)

56.50

53.30

55.05

Jotun (FOB ship)1)

58.65

56.45

57.50

Njord (FOB ship)1)5)

59.65

56.95

59.20

Norne (FOB ship)1)

60.05

57.15

58.90

Oseberg (FOB Sture)

58.95

55.85

57.55

Statfjord (FOB loading buoy)1)4)

58.70

56.50

58.10

Troll (FOB Mongstad)

59.60

56.25

57.95

Åsgard (FOB ship)1)

59.65

57.45

58.95

1) Final norm prices are published in a separate press realese today.

2) No normprice for Brent in October.

3) Gullfaks Blend includes Gullfaks A+B, Gullfaks C and Tordis. Adjustments for freight costs will be made for each field.

4) Statfjord includes Snorre. Adjustment for freight cost will be made for each field.

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