January 2010 production
(Thomson Reuters ONE) - Stavanger, 5 February 2010, Norwegian Energy Company ASA (Noreco, OSE:NOR):Noreco's oil and gas production in January 2010 was 7,050 barrels of oilequivalents (boe) per day. Net realized oil price in January was USD 69 per boeafter adjustments for oil put options, inventory and NGL and gas prices.The Siri field was restarted on 24 January after having been shut down since 31August last year. Subsequently the satellite field Nini was brought back onstream late January. Production volumes have climbed rapidly, and the combinedproduction from the two fields is currently around 20,000 boe per day, comparedaround 13,500 boe per day prior to the shutdown, including the Cecilie field.The higher production levels are caused by flush production from there-pressurized reservoirs and a new well on the Nini field.The ramp up of production in the Siri area is expected to continue throughFebruary as the remaining wells on Nini and the Cecilie and Nini East fields arestarted up.Brage had good regularity and production was steady at around 35,300 boe perday. The next production well has been completed and is expected to be broughton stream in February.South Arne produced 19,300 boe per day, slightly down from December aspreparations for the next drilling campaign caused three days of shutdown.Drilling of two new production wells will commence in February.Lulita was shut down throughout January. Production at the field resumed 2February.The production volumes and prices are preliminary and are subject toadjustments, including final allocations between fields, quality adjustments andprices.Contacts:Scott Kerr, CEO (+47 99 28 38 90)Einar Gjelsvik, VP Strategy & IR (+47 99 28 38 56)This information is subject of the disclosure requirements acc. to §5-12 vphl(Norwegian Securities Trading Act)[HUG#1381088]
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Datum: 05.02.2010 - 10:12 Uhr
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