CORRECTION: Production November 2010
(Thomson Reuters ONE) -
This is a correction of the announcement from 08:45 06.12.2010 CET. Reason for
the correction: Corrected number Brage net production to Noreco.
Stavanger, 6 December 2010: Norwegian Energy Company ASA (Noreco, OSE:NOR) in
November 2010 produced 11,575 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.
Total production from the Siri area fields in November was about 14,500 boe/day
(5,450 boe/day net to Noreco). The SCB-1 production well remained shut in
throughout the month, and another attempt to repair the well is scheduled in
December. Noreco's equity production per field: Siri 2,025 boe/day, Nini East
1,800 boe/day, Nini 1,100 boe/day, Cecilie 525 boe/day.
Brage produced around 29,000 boe/day (3,650 net) in November with high
regularity. The new production well A-19 was brought on stream 30 October and
has been producing in line with expectations.
South Arne production was close to 30,000 boe/day (1,950 net). The increase
comes mainly from the two new production wells which were brought on stream in
October.
Net production to Noreco from the Lulita and Enoch fields was 400 and 150
boe/day respectively.
Production volumes and prices are preliminary and subject to adjustments,
including final allocations between fields, quality adjustments and prices.
For further information, please contact:
Scott Kerr, CEO (+47 99 28 38 90)
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)
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#1469225]
Unternehmensinformation / Kurzprofil:
Datum: 06.12.2010 - 09:34 Uhr
Sprache: Deutsch
News-ID 49424
Anzahl Zeichen: 2400
contact information:
Town:
Stavanger
Kategorie:
Business News
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