Production resumed at Oselvar

Stavanger, 26 November 2012: Norwegian Energy Company ASA (Noreco) announces that production from the Oselvar field, where Noreco holds a 15 percent interest, was restarted this weekend after having been shut down since 12 September following an incident on the host platform Ula.

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

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

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