Production May 2012
(Thomson Reuters ONE) -
Stavanger, 5 June 2012: Norwegian Energy Company (Noreco) in May 2012 produced
4,046 barrels of oil equivalents (boe) per day. Net realized price in May was
USD 87 per boe after adjustments for oil put options, inventory, NGL and gas
prices.
Production per field, May 2012 (boe per day):
Nini East - 1,913
Oselvar - 1,425
Lulita - 281
Nini - 244
Cecilie - 183
Enoch - 0
At the Siri platform, a planned maintenance shutdown was performed in May,
resulting in one week production shutdown from the fields Nini East, Nini and
Cecilie. Production from Nini and Cecilie remained shut in for further 11 days
due to a compressor problem. The fields are currently producing at normal
levels.
Net realized price in May was USD 87 per boe. This includes a negative value
adjustment to stocks due to reduced oil price over the period, which amounts to
approximately USD 17 per boe. Production volumes and prices are preliminary and
subject to adjustments, including final allocations between fields, quality
adjustments and prices.
Contact:
Kjetil Bakken, VP Investor Relations (+47 91 889 889)
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: NORECO via Thomson Reuters ONE
[HUG#1617381]
Unternehmensinformation / Kurzprofil:
Datum: 05.06.2012 - 11:39 Uhr
Sprache: Deutsch
News-ID 152992
Anzahl Zeichen: 1929
contact information:
Town:
Stavanger
Kategorie:
Business News
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"Production May 2012"
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