Production May 2011
Stavanger, 8 June 2011: Norwegian Energy Company ASA (Noreco, OSE:NOR) in May 2011 produced 10,150 barrels of oil equivalents (boe) per day. Net realized oil price was USD 105 per boe after adjustments for oil put options, inventory and NGL and gas prices. Total production from the Siri area fields in May was about 17,375 boe/day (6,225 boe/day net to Noreco). Noreco's equity production per field: Siri 1,825 boe/day, Nini East 2,925 boe/day, Nini 925 boe/day, Cecilie 550 boe/day. Brage produced on average around 16,000 boe/day (1,950 net) in May. A planned maintenance stop was