Drilling on Scotney has started

Stavanger, 18 February 2013: Norwegian Energy Company ASA (Noreco) is pleased to announce that drilling of an exploration well on the Scotney prospect in licence P1658, block 20/5b in the UK North Sea has started. The well is being drilled using the drilling rig WilHunter.

Noreco has 43.75 percent interest in licence P1658, which is operated by Suncor.

Contact:
Kjetil Bakken, Investor Relations Manager ( +47 91 889 889) 

This information is subject of the disclosure requirements pursuant to section of 5-12 of the Norwegian Securities Trading Act
 

About Norwegian Energy Company ASA

Noreco is an independent Norwegian oil company. The company’s focus is to explore, develop and produce oil and gas in the North Sea region. Since incorporation in 2005, the company has grown through license rounds, successful exploration and acquisitions. Noreco operates in Norway, Denmark and United Kingdom, and employs around 70 oil and gas professionals. Noreco is listed on the Oslo Børs (ticker NOR).

For further information, please visit: www.noreco.com