Siri update
(Thomson Reuters ONE) -
Stavanger, 24 June 2011: Norwegian Energy Company ASA (Noreco) today received a
letter from the Danish Energy Agency (DEA), requesting the partnership at the
Siri field to agree on a repair solution for the Siri platform as soon as
possible. Until such agreement is reached the DEA will not process the
operator's application regarding its proposed permanent repair solution.
Further, the DEA confirms it will not intervene in the internal decision process
in the partnership, but at the same time the DEA reserves its right to use
coercive means if the necessary steps are not taken by the partnership.
The DEA also notes that it has currently not been sufficiently documented that
Noreco's proposed repair solution meets the regulatory requirements.
The letter from DEA confirms that decisions regarding the Siri repair solution
require unanimity in the partnership. The company will continue on its plan to
bring its proposed repair solution to the necessary level of maturity.
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
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
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originality of the information contained therein.
Source: NORECO via Thomson Reuters ONE
[HUG#1526016]
Unternehmensinformation / Kurzprofil:
Datum: 24.06.2011 - 16:52 Uhr
Sprache: Deutsch
News-ID 55849
Anzahl Zeichen: 1863
contact information:
Town:
Stavanger
Kategorie:
Business News
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"Siri update"
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