April 2010 production
(Thomson Reuters ONE) -
Stavanger, 5 May 2010, Norwegian Energy Company ASA (Noreco, OSE:NOR): Noreco's
oil and gas production in April 2010 was 14,050 barrels of oil equivalents (boe)
per day. Net realized oil price was USD 82 per boe after adjustments for oil put
options, inventory and NGL and gas prices.
Production from the four fields in the Siri area was 20,500 boe/day in total
(7,825 boe/day net to Noreco). This was an increase of 11 percent compared to
March, however the production from the area is still below full potential due to
the previously reported gas handling issues. The Siri field produced 7,650
boe/day (3,825 net), Nini East 8,225 boe/day (2,475 net), Nini 4,150 boe/day
(1,250 net), and the Cecilie field produced 450 boe/day (275 net).
For the other fields, production volumes were stable compared to previous month.
Brage production was 33,900 boe/day (4,175 net), while South Arne delivered
23,275 boe/day (1,525 net). Net production to Noreco from the fields Enoch and
Lulita was 200 and 325 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#1411907]
Unternehmensinformation / Kurzprofil:
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Datum: 05.05.2010 - 07:55 Uhr
Sprache: Deutsch
News-ID 20281
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Town:
Stavanger
Kategorie:
Business News
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