Drilling on Ronaldo has started

Drilling on Ronaldo has started

ID: 51749

(Thomson Reuters ONE) -


Stavanger, 21 February 2011: Norwegian Energy Company ASA (Noreco, OSE:NOR) is
pleased to announce that drilling of exploration well 6507/8-8 has started.
Target for the well is the Ronaldo prospect.

Ronaldo is located in production license PL434 in the Norwegian Sea, north east
of the Heidrun field. The main target in the Ronaldo prospect is Middle Jurassic
reservoir rocks. The well is drilled with the semi-submersible drilling rig
Songa Delta.

The partners in license PL434 are Nexen Exploration (operator, 49 per cent),
Concedo (21 per cent), Noreco (20 per cent) and E.ON Ruhrgas (10 per cent).

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#1490954]




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Bereitgestellt von Benutzer: hugin
Datum: 21.02.2011 - 17:00 Uhr
Sprache: Deutsch
News-ID 51749
Anzahl Zeichen: 1451

contact information:
Town:

Stavanger



Kategorie:

Business News



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"Drilling on Ronaldo has started"
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2010 financial calendar ...

Stavanger, 11 December 2009: Norwegian Energy Company ASA (Noreco, OSE:NOR), Financial calendar for Noreco for 2010: 28 January Capital Markets Day (Stavanger) 18 February Q4 2009 Presentation (Oslo) 29 April Q1 2010 Presentat ...

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