Extended CATS restrictions for Huntington

Stavanger, 20 January 2015: Norwegian Energy Company ASA (“Noreco”) has been informed that normal operations of the CATS gas transport system will not resume until the end of February at the earliest.

Huntington production continues at restricted rates, with output around 1 500 barrels of oil per day to Noreco.

The CATS restrictions are imposed as a consequence of an incident that occurred on the CATS Riser Platform during restart in the middle of December (see stock exchange announcement 15 December 2014 for background).

Contact:

investorrelations@noreco.com

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About Norwegian Energy Company ASA

Noreco is an independent Norwegian oil company. The company's focus is to explore, develop and produce oil and gas in the North Sea region. Since incorporation in 2005, the company has grown through licensing rounds, exploration and acquisitions. Noreco operates in Norway, Denmark and United Kingdom, and employs 49 oil and gas professionals. Noreco is listed on the Oslo Børs (ticker NOR). For further information, please visit:  www.noreco.com .

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