Noreco: Q1 Production Update
Oslo, 20 April 2022: Norwegian Energy Company ASA (“Noreco” or the “Company”) today announced its production for the first quarter of 2022 of approximately 28.5 thousand barrels of oil equivalents per day (mboepd). The strong production is mainly driven by higher than expected performance on Dan and Gorm, including an overall improvement of operating efficiency and high activity levels. Noreco has previously provided the market with a yearly production guidance for 2022 of 23.5 – 25.5 mboepd. The Company will monitor its actual and expected performance going forward and consider any need