Weather Conditions Negatively Impact at Noreco’s Production

Norwegian Energy Company (Noreco) in December 2011 produced 2,204 barrels of oil equivalents (boe) per day. Net realised oil price was USD 98 per boe after adjustments for oil put options, inventory, NGL and gas prices.

Production was negatively impacted by the weather conditions in the North Sea, prompting periods of shutdown of the Siri platform for safety reasons.

Production per field (boe):

Nini East – 1,226

Nini – 465

Cecilie – 203

Lulita – 205

Enoch – 104

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

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Offshore Nieuws Staff, January 6, 2012 ; Image: energypedia