Noreco Announces First Quarter 2021 Results
Oslo, 11 May 2021: Norwegian Energy Company ASA ("Noreco" or the "Company") today announced its first quarter 2021 results. The first quarter financial results delivered revenues of USD 105 million, EBITDA of USD 29 million and adjusted EBITDA of USD 31 million. Highlights:. Total Revenues of USD 105 million. Adjusted EBITDA of USD 31 million. Net hydrocarbon production of 25.8 mboepd Net hydrocarbon production in the quarter was 25.8 mboepd and in line with the annual guidance of 25.5 to 27.5 mboepd. In March, the Noble Sam Turner drilling rig arrived on location for