Huntington update

Stavanger, 21 March 2013: Norwegian Energy Company ASA (Noreco) reports that the Huntington field development is approaching first oil.

All risers are connected to the subsea facilities, and consequently the entire Huntington system is fully connected from the wells to the FPSO Voyageur Spirit. The final subsea preparations for first oil and pre-commissioning are being finalised prior to start up which is anticipated shortly.

The operator projects first oil by the end of March 2013. This projection is dependent on weather conditions and completion of final technical work according to plan. After a ramp-up period the field is expected to produce around 6,000 barrels oil equivalents per day net to Noreco.

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
 

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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 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