Stavanger, 29 September 2011: Norwegian Energy Company (Noreco) has appointed John Bogen as new VP Commercial.

Bogen has been working for Noreco since February 2008, and comes from the position as Commercial operations manager.

Bogen holds an MSc from the Norwegian Institute of Technology (NTNU) within Industrial Engineering. He has more than 30 years of experience from the petroleum industry and has previously worked for i.a. Phillips Petroleum Company and BP. Previous responsibilities include operational optimization, gas marketing, organizational development, and commercial management/negotiations.

Contacts:
Einar Gjelsvik, CEO (+47 992 83 856)
Jan Petter Stiff, media contact (+47 995 13 891)

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