Noreco announces increased 2P reserves

Oslo, 30 April, 2020: Norwegian Energy Company ASA (“Noreco” or “the Company”) published today its Annual Statement of Reserves 2020. Noreco is pleased to announce that, in line with the Company’s ambition to more than replace produced volumes over the medium-term, as of 31 December 2019, its proven plus probable net reserves (2P reserves) are 209 million barrels of oil equivalent (MMboe), an increase of 14 MMboe compared to year end 2018.

The Annual Statement of Reserves will be made available on the Company’s website www.noreco.com
 

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Contacts:
Atle Sonesen, Chief Operating Officer
+47 958 31 226
as@noreco.com

Cathrine Torgersen, EVP Investor Relations & Communications
+47 915 28 501
ct@noreco.com

 

About Norwegian Energy Company ASA

Noreco is a publicly owned company with focus on the oil, gas and offshore industry. The company's shares are listed on the Oslo Stock Exchange (ticker NOR). For further information, please visit: www.noreco.com.