Noreco Announces Second Quarter 2021 Results
Oslo, 13 July 2021: Norwegian Energy Company ASA ("Noreco" or the "Company") today announced its second quarter 2021 results. The strong second quarter results delivered production of 27.3 mboepd, generating revenues of USD 135 million and adjusted EBITDA of USD 60 million. Highlights: · Hydrocarbon production of 27.3 mboepd · Total Revenues of USD 135 million compared to USD 105 million in previous quarter · Adjusted EBITDA of USD 60 million versus USD 31 million in Q1 · A positive net cash flow from operating activities of USD 18 million compared to a negative net