Noreco Announces Fourth Quarter 2021 Results
Oslo, 16 February 2022: Norwegian Energy Company ASA ("Noreco" or the "Company") today announced its fourth quarter 2021 results. The quarter delivered both strong production of 27.5 mboepd and a [strong] financial result with revenues of USD 175 million and EBITDA of USD 97 million. Highlights: · Hydrocarbon production of 27.5 mboepd, at the top of our annual guidance for 2021 · Total Revenues of USD 175 million, which compares to USD 150 million in the previous quarter· EBITDA of USD 97 million, which compares to USD 65 million in the previous quarter· A refocused