Drilling on Svaneøgle has started

Drilling on Svaneøgle has started

ID: 50245

(Thomson Reuters ONE) -


Stavanger, 6 January 2011: Norwegian Energy Company ASA (Noreco, OSE:NOR) is
pleased to announce that drilling of exploration well 17/6-1 has started. Target
for the well is the Svaneøgle prospect. Noreco is the operator.

Svaneøgle is located in production license PL545, about 100 kilometres southeast
of the Grane field in the central part of the North Sea. The well is being
drilled with the semi submersible rig West Alpha.

Noreco has a 50 percent interest in the license. Other partners are Spring
Energy with 30 percent and Petoro with 20 percent interest.
www.noreco.com/en/Var-virksomhet/Exploration1/PL545-Svaneogle

Contact:
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#1477557]




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Bereitgestellt von Benutzer: hugin
Datum: 06.01.2011 - 08:50 Uhr
Sprache: Deutsch
News-ID 50245
Anzahl Zeichen: 1515

contact information:
Town:

Stavanger



Kategorie:

Business News



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