Huntington production resumed

Stavanger, 13 May 2014: Production from the Huntington field in the UK resumed on 11 May. 

Production has been interrupted since 12 April, initially for replacement of couplings in the inert gas system on the floating production and storage unit, and then again from 26 April due to an unplanned shutdown of the CATS riser platform.

Current production is about 15 000 boepd gross (3 000 boepd net to Noreco), and is expected to ramp up shortly towards plateau production level of about 34 000 boepd.

Contact
Ørjan Gjerde, CFO, Tel.: 0047 900 35 738

This information is subject of the disclosure requirements pursuant to section of 5-12 of the Norwegian Securities Trading Act
 

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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 license rounds, successful exploration and acquisitions. Noreco operates in Norway, Denmark and United Kingdom, and employs around 55 oil and gas professionals. Noreco is listed on the Oslo Børs (ticker NOR).

For further information, please visit: www.noreco.com