Production July 2011
(Thomson Reuters ONE) -
Stavanger, 11 August 2011: Norwegian Energy Company ASA (Noreco, OSE:NOR) in
July 2011 produced 4,225 barrels of oil equivalents (boe) per day. Net realized
oil price was USD 112 per boe after adjustments for oil put options, inventory
and NGL and gas prices.
Noreco's share of production from the Siri area fields in July was about 2,425
boe/day. Production was shut down for 17 days due to leakage in a riser between
the Siri platform and a subsea storage tank. The produced oil is currently being
stored directly on tankers pending repairs. Noreco's equity production per
field: Siri 500 boe/day, Nini East 1,225 boe/day, Nini 600 boe/day, Cecilie 100
boe/day. Noreco in July entered an agreement to sell its share in the Siri field
with economic effect from 1 July 2011.
South Arne production was 1,450 boe/day net to Noreco.
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#1537704]
Unternehmensinformation / Kurzprofil:
Datum: 11.08.2011 - 07:11 Uhr
Sprache: Deutsch
News-ID 57143
Anzahl Zeichen: 1991
contact information:
Town:
Stavanger
Kategorie:
Business News
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"Production July 2011"
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