Production and consumption
using this analogue is stated in barrels of oil equivalent per day Boed.
BP's total shale output will increase from 315,000 barrels of oil equivalent per day(Boed) to more than 500,000 Boed.
The two Netherlands-based firms expect to have a joint
production in 2019 of 35,000 barrels of oil equivalent per day(Boed),
The latest data from the Norwegian Petroleum Directorate showed the Maria field produced
23,400 barrels of oil equivalents per day(Boed) in July.
Johan Sverdrup Phase 1 will have capacity to produce
440,000 barrels of oil equivalents per day(Boed), while the second phase,
starting production in 2022, is expected to further boost output to 660,000 Boed.
Over the last five years, BP's net production in the Gulf of Mexico has increased by more than 60%,
rising from less than 200,000 Boed in 2013 to more than 300,000 Boed today.
For Noreco, the transaction will add output of
67,000 barrels of oil equivalents per day(Boed), making it the second-largest oil and gas producer in Denmark behind French oil major Total, the Norwegian company said.
Leading the pack is Oklahoma-based Devon Energy Corp, which expects its STACK production to reach 140,000 barrels of oil equivalent per day(Boed) by the end of 2018,
up from 107,000 Boed a year ago.
Spirit Energy, which has a 20 percent stake in the field, said on its website that at peak production Maria was expected to
add about 8,300 barrels of oil equivalents(Boed) net to Spirit Energy's output.