January 2010 production
Stavanger, 5 February 2010, Norwegian Energy Company ASA (Noreco, OSE:NOR): Noreco's oil and gas production in January 2010 was 7,050 barrels of oil equivalents (boe) per day. Net realized oil price in January was USD 69 per boe after adjustments for oil put options, inventory and NGL and gas prices. The Siri field was restarted on 24 January after having been shut down since 31 August last year. Subsequently the satellite field Nini was brought back on stream late January. Production volumes have climbed rapidly, and the combined production from the two fields is currently around 20,000