Production March 2011
(Thomson Reuters ONE) -
Stavanger, 6 April 2011: Norwegian Energy Company ASA (Noreco, OSE:NOR) in March
2011 produced 9,925 barrels of oil equivalents (boe) per day. Net realized oil
price was USD 111.5 per boe after adjustments for oil put options, inventory and
NGL and gas prices.
Total production from the Siri area fields in March was about 15,725 boe/day
(5,775 boe/day net to Noreco). Drilling of the new water injection well NB-4 on
Nini East was recently completed, and will be used to increase pressure in the
reservoir and contribute to increased production over time. Noreco's equity
production per field: Siri 1,825 boe/day, Nini East 2,025 boe/day, Nini 1,275
boe/day, Cecilie 650 boe/day.
Brage produced around 17,500 boe/day (2,100 net) in March. Due to flare pipe
inspection and repairs, production was deferred by 10 days. 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 25,000 boe/day (1,700 net).
Net production to Noreco from each of the Lulita and Enoch fields was 225 and
125 boe/day respectively.
Production volumes and prices are preliminary and subject to adjustments,
including final allocations between fields, quality adjustments and prices.
Contact:
Kjetil Bakken, VP Strategy and Investor Relations (+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#1503899]
Unternehmensinformation / Kurzprofil:
Datum: 06.04.2011 - 09:51 Uhr
Sprache: Deutsch
News-ID 53213
Anzahl Zeichen: 2193
contact information:
Town:
Stavanger
Kategorie:
Business News
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