BP Norge Annual Report 2015 - Oil & Gas Production

BP Norge AS reported 2015 production of 62,100 barrels of oil equivalents per day across five operated fields on the Norwegian Continental Shelf (Valhall, Hod, Ula, Tambar, and Skarv). Petroleum revenues declined to NOK 7.9 billion due to lower oil prices, resulting in a net loss of NOK 301 million after tax. The company reduced operating costs and continued optimization efforts on mature assets including the power-from-shore Valhall field.