May 2010 production
(Thomson Reuters ONE) -
Stavanger, 9 June 2010, Norwegian Energy Company ASA (Noreco, OSE:NOR): Noreco's
oil and gas production in May 2010 was 13,500 barrels of oil equivalents (boe)
per day. Net realized oil price was USD 71 per boe after adjustments for oil put
options, inventory and NGL and gas prices.
Production from the four fields in the Siri area was 17,400 boe/day in total
(6,500 boe/day net to Noreco), and continued to be affected by the previously
announced gas handling issues. In addition, one well at Siri was shut down
pending repair of a subsea safety valve. The Siri field produced 4,800 boe/day
(2,400 net), Nini East 8,000 boe/day (2,400 net), Nini 3,525 boe/day (1,050
net), and the Cecilie field produced 1,050 boe/day (650 net). A five-day
maintenance stop is planned in June, where part of the scope is to improve the
gas handling issues.
Brage's production increased to 40,950 boe/day (4,975 net) due to high
regularity and a new well brought on stream, while South Arne was stable at
23,400 boe/day (1,525 net). Net production to Noreco from the fields Enoch and
Lulita was 200 and 300 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 & Investor Relations (+47 99 28 38 56)Kjetil Bakken,
Investor Relations Manager (+47 91 889 889)
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1422653]
Unternehmensinformation / Kurzprofil:
Datum: 09.06.2010 - 10:07 Uhr
Sprache: Deutsch
News-ID 22159
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contact information:
Town:
Stavanger
Kategorie:
Business News
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