Production June 2011
(Thomson Reuters ONE) -
Stavanger, 5 July 2011: Norwegian Energy Company ASA (Noreco, OSE:NOR) in June
2011 produced 8,125 barrels of oil equivalents (boe) per day. Net realized oil
price was USD 104 per boe after adjustments for oil put options, inventory and
NGL and gas prices.
Total production from the Siri area fields in June was about 9,600 boe/day
(3,375 boe/day net to Noreco). Production was shut down for 12 days due to
planned maintenance. Noreco's equity production per field: Siri 900 boe/day,
Nini East 1,500 boe/day, Nini 700 boe/day, Cecilie 275 boe/day.
Brage produced on average close to 25,000 boe/day (2,950 net) in June. Noreco in
May entered an agreement to sell its share in the Brage field.
South Arne production was close to 22,000 boe/day (1,425 net).
Net production to Noreco from each of the Lulita and Enoch fields was 325 and
50 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#1528351]
Unternehmensinformation / Kurzprofil:
Datum: 05.07.2011 - 08:31 Uhr
Sprache: Deutsch
News-ID 56125
Anzahl Zeichen: 1922
contact information:
Town:
Stavanger
Kategorie:
Business News
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