Production May 2013

Stavanger, 10 Juni 2013: Norwegian Energy Company (Noreco) produced 5 193 barrels of oil equivalents (boe) per day in May 2013, and net realised price was USD 101 per boe adjusted for inventory.

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

Nini East – 2 474

Huntington – 1 338

Cecilie – 538

Oselvar – 461

Nini – 382

Lulita – 0

Enoch – 0

Huntington has not yet reached full producing capacity. The on-going production ramp up is pending final commissioning of the gas export facilities. Gas export has commenced, and the operator expects production to be ramped up to full capacity during June.

As previously announced, planned maintenance shutdowns in June/July will impact production from Nini East, Nini, Cecilie and Oselvar. The Lulita field is also shut down pending pipeline wax removal.

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

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Contacts:
Svein Arild Killingland, CEO ( 47 913 40 786)
Kjetil Bakken, Investor Relations Manager ( 47 91 889 889) 

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