Production February 2013

Stavanger, 7 March 2013: Norwegian Energy Company (Noreco) produced 4,196 barrels of oil equivalents (boe) per day in February 2013. Net realised price was USD 107 per boe adjusted for inventory.

Production per field, February 2013 (boe per day):

Nini East – 2,273

Oselvar – 956

Nini – 488

Lulita – 246

Cecilie – 233

Enoch – 0

At the Huntington field, all subsea facilities have been connected to the floating production platform Voyageur Spirit. The remaining activities towards first oil consist of final subsea testing and commissioning of the production platform. First oil is expected in March 2013.

Production volumes and prices are preliminary and subject to adjustments, including final allocations between fields, quality adjustments and prices.

Kjetil Bakken, Investor Relations Manager (+47 91 889 889)

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



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 70 oil and gas professionals. Noreco is listed on the Oslo Børs (ticker NOR).

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About Us

Noreco is a publicly owned company with focus on the oil, gas and offshore industry. The company's shares are listed on the Oslo Stock Exchange (ticker NOR). For further information, please visit: