Production September 2011
(Thomson Reuters ONE) -
Stavanger, 6 October 2011: Norwegian Energy Company ASA (Noreco) in September
2011 produced 4,017 barrels of oil equivalents (boe) per day. Net realized oil
price was USD 106 per boe after adjustments for oil put options, inventory, NGL
and gas prices.
Production per field (boe):
Nini East - 2.537
Nini - 745
Cecilie - 319
Lulita - 302
Enoch - 114
The produced oil from Nini East, Nini and Cecilie continued to be stored
directly on tankers in September pending repair of a riser at the Siri platform.
This caused some reduction in production regularity from these fields. The riser
repair was completed early October.
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 not 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#1552696]
Unternehmensinformation / Kurzprofil:
Datum: 06.10.2011 - 12:37 Uhr
Sprache: Deutsch
News-ID 73503
Anzahl Zeichen: 2093
contact information:
Town:
Stavanger
Kategorie:
Business News
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"Production September 2011"
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