Production August 2011
(Thomson Reuters ONE) -
Stavanger, 6 September 2011: Norwegian Energy Company ASA (Noreco) in August
2011 produced 3,995 barrels of oil equivalents (boe) per day. Net realized oil
price was USD 110 per boe after adjustments for oil put options, inventory, NGL
and gas prices.
Production per field (boe):
Nini East - 2.287
Nini - 950
Cecilie - 354
Lulita - 338
Enoch - 66
The produced oil from Nini East, Nini and Cecilie is currently being stored
directly on tankers pending repair of a riser at the Siri platform. This is
causing some reduction in production regularity from these fields.
Noreco in July entered an agreement to sell its share of the Siri field to DONG
Energy with economic effect from 1 July 2011. In August, the company entered an
agreement to sell its share of the South Arne field to Hess with valuation date
1 January 2011. Production from these fields is therefore no longer included in
the monthly production report.
Production volumes and prices are preliminary and subject to adjustments,
including final allocations between fields, quality adjustments and prices.
Contact:
Kjetil Bakken, VP 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#1544194]
Unternehmensinformation / Kurzprofil:
Datum: 06.09.2011 - 08:30 Uhr
Sprache: Deutsch
News-ID 62569
Anzahl Zeichen: 1983
contact information:
Town:
Stavanger
Kategorie:
Business News
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"Production August 2011"
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