Production December 2010
(Thomson Reuters ONE) -
Stavanger, 6 January 2011: Norwegian Energy Company ASA (Noreco, OSE:NOR) in
December 2010 produced 9,950 barrels of oil equivalents (boe) per day. For the
year 2010 the average production was 11,275 boe per day. Net realized oil price
in December was USD 91 per boe after adjustments for oil put options, inventory
and NGL and gas prices.
Total production from the Siri area fields in December was about 13,500 boe/day
(4,825 boe/day net to Noreco). The attempt to repair the SCB-1 well was
unsuccessful, and the operator is currently evaluating new measures to bring the
well back on stream. Noreco's equity production per field: Siri 1,600 boe/day,
Nini East 1,775 boe/day, Nini 1,125 boe/day, Cecilie 325 boe/day.
Brage produced around 26,500 boe/day (3,225 net) in December. Drilling of well
A-14 A (Arran), which is a combined exploration and production well in the Brent
formation, started in December.
South Arne production was around 24,500 boe/day (1,600 net).
Net production to Noreco from each of the Lulita and Enoch fields was 150
boe/day.
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#1477741]
Unternehmensinformation / Kurzprofil:
Datum: 06.01.2011 - 16:10 Uhr
Sprache: Deutsch
News-ID 50257
Anzahl Zeichen: 2201
contact information:
Town:
Stavanger
Kategorie:
Business News
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