Production March 2013
Stavanger, 4 April 2013: Norwegian Energy Company (Noreco) produced 4,403 barrels of oil equivalents (boe) per day in March 2013, and net realised price was USD 103 per boe adjusted for inventory. Average production for the first quarter was 4,051 boe per day at a net realised price of USD 106 per boe.
Production per field, March 2013 (boe per day):
Nini East – 2,363
Oselvar – 856
Cecilie – 525
Nini – 421
Lulita – 237
Enoch – 0
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).
For further information, please visit: www.noreco.com