Authorities approve re-start at Siri

Stavanger, 23 December 2013 – The Danish Energy Agency (DEA) has approved a temporary production solution at the Siri platform. 

According to DONG Energy which is the operator of the Siri Fairway fields, this means that production at the Nini, Nini East and Cecilie fields may resume in the first quarter of 2014.

The temporary solution involves transfer of stabilised crude directly to tanker. Certain operating restrictions have been imposed, including de-manning of all personnel when significant wave heights at the platform exceed six meters. Consequently, output from the fields will be difficult to predict, especially in the harsh winter months.

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

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