Weather curbs Huntington production in January

Stavanger, 23 January 2014: So far in January reported Noreco share of production from the Huntington field is approximately 3 200 barrels of oil equivalents per day. The lower than expected output has mainly been due to the continued adverse weather across the North Sea.  

At the beginning of the month the Huntington production rate was reduced for nearly one week. From 15 January production was again significantly reduced and then shut in, due to adverse weather resulting in delays to offloading the oil cargo tanks to the shuttle tanker. The cargo tanks have now been off-loaded and the shuttle tanker has departed the field. Production is expected to resume shortly.

Contact:
Ørjan Gjerde, CFO (0047 900 35 738)

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 55 oil and gas professionals. Noreco is listed on the Oslo Børs (ticker NOR).

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