March 2010 production
(Thomson Reuters ONE) -
Stavanger, 9 April 2010, Norwegian Energy Company ASA (Noreco, OSE:NOR):
Noreco's oil and gas production in March 2010 was 13,650 barrels of oil
equivalents (boe) per day. Net realized oil price was USD 76 per boe after
adjustments for oil put options, inventory and NGL and gas prices. For the first
quarter in total, production was 11,375 boe/day and realized price was USD
73.50 per boe.
Total production from the four fields in the Siri area was 18,450 boe/day (7,300
boe/day net to Noreco). This was below full potential, mainly due to run in
problems related to gas processing of the Nini East production over the Siri
facilities. The Siri production was 8,000 boe/day (4,000 net). Nini East
delivered 6,125 boe/day (1,850 net). Nini produced 3,775 boe/day (1,125 net),
while Cecilie production was 550 boe/day (325 net).
Brage production was 35,000 boe/day (4,250 net). Drilling of the second well
this year has now been completed, the well will be used for water injection and
is expected to be brought on stream during the second quarter.
South Arne production was stable at 23,600 boe/day (1,550 net) with high
regularity. Both of the two new infill wells have now been drilled to Top
Ekofisk and the 9 5/8" casings have been installed. Drilling of the reservoir
section will commence during the coming months.
Net production to Noreco from the fields Enoch and Lulita was 200 and 350
boe/day respectively.
Production volumes and prices are preliminary and are subject to adjustments,
including final allocations between fields, quality adjustments and prices.
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#1402566]
Unternehmensinformation / Kurzprofil:
Datum: 12.04.2010 - 13:05 Uhr
Sprache: Deutsch
News-ID 18864
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contact information:
Town:
Stavanger
Kategorie:
Business News
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