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Production June 2011

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Total production from the Siri area fields in June was about 9,600 boe/day (3,375 boe/day net to Noreco). Production was shut down for 12 days due to planned maintenance. Noreco's equity production per field: Siri 900 boe/day, Nini East 1,500 boe/day, Nini 700 boe/day, Cecilie 275 boe/day.

Brage produced on average close to 25,000 boe/day (2,950 net) in June. Noreco in May entered an agreement to sell its share in the Brage field.

South Arne production was close to 22,000 boe/day (1,425 net).

Net production to Noreco from each of the Lulita and Enoch fields was 325 and 50 boe/day respectively.

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

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

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

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