Good progress on Huntington

1/16/2013 7:30 AM EST

Stavanger, 16 January 2013: Norwegian Energy Company ASA (Noreco)
reports that the development of the Huntington field is progressing
well. All five risers have now been connected to the floating production
platform Voyageur Spirit. The remaining activities towards first oil
consist of subsea hook-up and testing, and completion and commissioning
of the production platform. First oil is still expected during first
quarter 2013.
Contact:
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