Production June 2013

Stavanger, 5 July 2013: Norwegian Energy Company (Noreco) produced 3 538 barrels of oil equivalents (boe) per day in June 2013, and net realised price was USD 102.5 per boe adjusted for inventory. Average production for the second quarter was 4 561 boe per day at a net realised price of USD 101.8 per boe.

Production per field, June 2013 (boe per day):

Nini East – 1 687

Huntington – 1 444

Cecilie – 169

Oselvar – 0

Nini – 238

Lulita – 0

Enoch – 0

As reported on 24 June 2013, commissioning of the Huntington gas export systems is taking longer than envisaged due to some initial system issues. The operator is continuously working to complete the commissioning of the gas facilities and ramp up production to full capacity.

Nini, Nini East and Cecilie have been shut down in June for a total of 10 days for planned maintenance and installation work on the Siri host platform. Apart from this the fields have produced as expected. The Lulita field was shut down during the month pending pipeline wax removal and repair of a valve in the Harald gas export pipeline. The operator expects to start up shortly.

Oselvar was shut down throughout June due to planned Ekofisk and Ula maintenance. The operator is currently expecting to start up production in mid July due to delays on Ula.

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

Contact:
John Bogen, COO & VP HSE. Tel: +47 992 83 879

This information is subject of the disclosure requirements pursuant to section of 5-12 of the Norwegian Securities Trading Act

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About Norwegian Energy Company ASA

Noreco is an independent Norwegian oil company. The company’s focus is to explore, develop and produce oil and gas in the North Sea region. Since incorporation in 2005, the company has grown through license rounds, successful exploration and acquisitions. Noreco operates in Norway, Denmark and United Kingdom, and employs around 70 oil and gas professionals. Noreco is listed on the Oslo Børs (ticker NOR).

For further information, please visit: www.noreco.com