Further delays on Huntington

Stavanger, 15 December 2014: Norwegian Energy Company ASA (Noreco) has been informed by the Huntington field operator that production has been further delayed due to an incident during restart of the CATS riser platform.

According to information received, the riser platform will be closed at least until 18 December 2014, probably longer.

The Huntington field has been closed from 18 October this year due to export restrictions in the CATS pipeline system. Restart was originally scheduled for 5 December 2014.

Contact:
E-mail: investorrelations@noreco.com

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

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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 licensing rounds, exploration and acquisitions. Noreco operates in Norway, Denmark and United Kingdom, and employs 53 oil and gas professionals. Noreco is listed on the Oslo Børs (ticker NOR). For further information, please visit: www.noreco.com.