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Drilling on Svaneøgle has started

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Stavanger, 6 January 2011: Norwegian Energy Company ASA (Noreco, OSE:NOR) is pleased to announce that drilling of exploration well 17/6-1 has started. Target for the well is the Svaneøgle prospect. Noreco is the operator.

 

Svaneøgle is located in production license PL545, about 100 kilometres southeast of the Grane field in the central part of the North Sea. The well is being drilled with the semi submersible rig West Alpha.

 

Noreco has a 50 percent interest in the license. Other partners are Spring Energy with 30 percent and Petoro with 20 percent interest.

www.noreco.com/en/Var-virksomhet/Exploration1/PL545-Svaneogle 

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

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

 

 


 

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