Stavanger, 11 April 2012: Norwegian Energy Company (Noreco) in March 2012 produced 4,084 barrels of oil equivalents (boe) per day. Net realised price in March was USD 122 per boe after adjustments for oil put options, inventory, NGL and gas prices. For the first quarter 2012, production was 2,893 boe per day, with an average net realised price of USD 115 per boe.

Production per field, March 2012 (boe per day):
Nini East - 2,376
Nini - 836
Cecilie - 595
Lulita - 276
Enoch - 0

The Enoch field is shut down pending maintenance work.

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)