Stavanger, 5 March 2012: Norwegian Energy Company (Noreco) in February 2012 produced 2,944 barrels of oil equivalents (boe) per day. Net realized oil price was USD 115 per boe after adjustments for oil put options, inventory, NGL and gas prices.

Production per field (boe):
Nini East - 1,949
Nini - 495
Cecilie - 201
Lulita - 280
Enoch - 19

Production volumes and prices are preliminary and subject to adjustments, including final allocations between fields, quality adjustments and prices.

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

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