Bud's Offshore Energy (BOE)

December 2021 oil production averaged 1.713 million bopd, lower than expected and down from 1.794 million bopd in Novermber. Given that the production lost during Hurricane Ida was to have been fully restored, BOE expected production to average greater than 1.8 million bopd.

January data will be helpful but won’t be available until 31 March. GIven the importance of these data and advances in information management, more timely updates should be an objective. We note that Norway released January production data on 22 February.