Oselvar production has started
Stavanger, 16 April 2012: Norwegian Energy Company ASA (Noreco) is pleased to announce that production has started from the Oselvar field, where Noreco has a 15 percent interest. "The startup of Oselvar production is an important milestone for Noreco. This is the first field development for Noreco on the Norwegian Continental Shelf, and it represents the largest greenfield investment so far in the company's history. Oselvar will contribute to renew and diversify our portfolio of producing fields, and will contribute significantly to Noreco's production and cash flow," said Einar Gjelsvik,