Stavanger, 29 July 2011: Norwegian Energy Company ASA (Noreco, OSE:NOR) is pleased to announce that drilling of exploration well 6407/5-2 S has started. Target for the well is the Chamonix prospect.

 

Chamonix is located in production license PL471 in the Norwegian Sea, west of the Mikkel field. The well is drilled with the semi-submersible drilling rig Borgland Dolphin.

 

The partners in license PL471 are OMV (operator, 50 per cent), Noreco (30 per cent) and Valiant (20 per cent).

 

Contact:
Kjetil Bakken, VP Strategy & Investor Relations, +47 91 889 889

 

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)