Noreco: Third Quarter 2022 Trading Update
Oslo, 6 September 2022: Norwegian Energy Company ASA (“Noreco” or the “Company”) today announced preliminary production for July and August 2022 of 27.3 thousand barrels of oil equivalent per day (mboepd) as well as the attached Operations and Corporate Update presentation. The strong production performance has been driven by the successful Halfdan well restimulation campaign (“HCA restimulation”) carried out this summer. This, combined with strong performance across the portfolio, delivered approximately 2 mboepd of additional gas volumes and increased Noreco’s gas weighting from c. 20