Huntington update
(Thomson Reuters ONE) -
Stavanger, 30 September 2011: Norwegian Energy Company ASA (Noreco) is a 20
percent partner in the Huntington oil field in the U.K. North Sea, which is
currently under development. The field will be produced with the Sevan Voyageur
FPSO.
The Huntington partnership (the JV) has been monitoring the situation at Sevan
closely, and is pleased to learn that a successful agreement has been reached
with Teekay. This will allow completion of the Voyageur upgrade and continuation
of the Huntington charter arrangements in a timely manner. The JV will continue
to monitor events closely until such time as the envisaged restructuring is
fully completed.
Contacts:
Einar Gjelsvik, CEO (+47 992 83 856)
Rebekka Herlofsen, CFO (+47 916 60 269)
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#1551076]
Unternehmensinformation / Kurzprofil:
Datum: 30.09.2011 - 09:01 Uhr
Sprache: Deutsch
News-ID 71228
Anzahl Zeichen: 1574
contact information:
Town:
Stavanger
Kategorie:
Business News
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"Huntington update"
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