Noreco announces third quarter 2019 results
Oslo, 28 November 2019: Norwegian Energy Company ASA (“Noreco”) today announced its result for the third quarter of 2019. The third quarter result is characterized by strong operational- and financial performance and field developments according to plan. The acquisition of Shell Olie- og Gasudvinding Danmark B.V. (“SOGU”) was completed, and Noreco became a partner in the Danish Underground Consortium (“DUC”). Post closing of the acquisition, the Company reported net hydrocarbon production of 41,6 mboepd in the quarter, and cash flow from operations of USD 115 million. Highlights: