Production February 2011
(Thomson Reuters ONE) -
Stavanger, 7 March 2011: Norwegian Energy Company ASA (Noreco, OSE:NOR) in
February 2011 produced 11,025 barrels of oil equivalents (boe) per day. Net
realized oil price was USD 101.7 per boe after adjustments for oil put options,
inventory and NGL and gas prices.
Total production from the Siri area fields in February was about 16,100 boe/day
(6,025 boe/day net to Noreco). The fields have produced with high regularity
following the upgrade of the gas compressor on the Siri platform in January.
Drilling of a new water injector on Nini East is underway. Noreco's equity
production per field: Siri 2,125 boe/day, Nini East 2,000 boe/day, Nini 1,275
boe/day, Cecilie 625 boe/day.
Brage produced around 26,500 boe/day (3,225 net) in February. Drilling of well
A-14 A (Arran), a combined exploration and production well which started in
December, is still ongoing.
South Arne production was around 23,300 boe/day (1,475 net).
Net production to Noreco from each of the Lulita and Enoch fields was 200 and
100 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#1495001]
Unternehmensinformation / Kurzprofil:
Datum: 07.03.2011 - 12:44 Uhr
Sprache: Deutsch
News-ID 52195
Anzahl Zeichen: 2169
contact information:
Town:
Stavanger
Kategorie:
Business News
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