Stavanger, 6 July 2012: Norwegian Energy Company (Noreco) in June 2012 produced 4,330 barrels of oil equivalents (boe) per day. Net realised price in June was USD 87 per boe after adjustments for oil put options, inventory, NGL and gas prices. For the second quarter 2012, production was 4,317 boe per day, with an average net realised price of USD 97 per boe.

Production per field, June 2012 (boe per day):
Nini East - 2,139
Nini - 760
Cecilie - 614
Oselvar - 566
Lulita - 251
Enoch - 0

Oselvar was shut down for 20 days while remaining work related to the start-up of the field was performed.

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)