Noreco’s Report for January 2012

Noreco's Report for January 2012

Norwegian Energy Company (Noreco) in January 2012 produced 1,653 barrels of oil equivalents (boe) per day. Net realized oil price was USD 99 per boe after adjustments for oil put options, inventory, NGL and gas prices.

Production continued to be negatively impacted by weather conditions in the North Sea, resulting in periods of shutdown of the Siri platform for safety reasons.

Production per field (boe):
Nini East – 1,162
Nini – 79
Cecilie – 25
Lulita – 323
Enoch – 65

Production volumes and prices are preliminary and subject to adjustments, including final allocations between fields, quality adjustments and prices.

Offshore Nieuws Staff,February  6, 2012