Production January 2012
Stavanger, 3 February 2012: Norwegian Energy Company (Noreco) in January 2012 produced 1,653 barrels of oil equivalents (boe) per day. Net realized oil price was USD 99 per boe after adjustments for oil put options, inventory, NGL and gas prices.
Production continued to be negatively impacted by weather conditions in the North Sea, resulting in periods of shutdown of the Siri platform for safety reasons.
Production per field (boe):
Nini East - 1,162
Nini - 79
Cecilie - 25
Lulita - 323
Enoch - 65
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)