Press releases

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The latest and historical news about Noreco

  • 2/17/2012

    Invitation to Noreco Q4 2011 Presentation and Webcast

    Stavanger, 17 February 2012: Norwegian Energy Company ASA (Noreco) will present the results for Q4 2011 on Wednesday 29 February 2012 at 08.30 Norwegian time.
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  • 2/13/2012

    Drilling on Luna has started

    Stavanger, 13 February 2012: Norwegian Energy Company (Noreco) is pleased to announce that drilling of exploration well Luna-1X in license 1/11 in Denmark has started. Target for the well is the Luna prospect.
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  • 2/13/2012

    Dry well in the North Sea - 25/6-4 S Kalvklumpen

    Stavanger, 13 February 2012, Norwegian Energy Company ASA (Noreco): Drilling of the "Kalvklumpen" prospect in exploration well 25/6-4 S in licence PL414 is about to be completed. The well did not encounter hydrocarbons.
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  • 2/3/2012

    Production January 2012

    Stavanger, 3 February 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.
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  • 1/17/2012

    Noreco awarded eight licences in APA 2011

    Stavanger, 17 January 2012: Norwegian Energy Company (Noreco) has been awarded eight new licences in the 2011 Awards in Predefined Areas (APA) in Norway.
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  • 1/10/2012

    Drilling on Kalvklumpen has started

    Stavanger, 10 January 2012: Norwegian Energy Company ASA (Noreco, OSE:NOR) is pleased to announce that drilling of exploration well 25/6-4 S in license PL414  has started. Target for the well is the Kalvklumpen prospect.
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  • 1/5/2012

    Noreco awarded new licence in UK

    Stavanger, 5 January 2012: Norwegian Energy Company (Noreco) has been awarded a new licence offshore UK. The award is part of the 26th Seaward Licensing Round in United Kingdom, where Noreco has previously been awarded two other licences.

    The new licence is located in blocks 12/26b & 12/27, with Suncor as the operator. Noreco has been offered a 22.5 percent share in the licence.

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  • 1/5/2012

    Production December 2011

    Stavanger, 5 January 2012: 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.
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  • 12/30/2011

    Sale of Zidane-1 gas discovery completed

    Stavanger, 30 December 2011: Norwegian Energy Company (Noreco) has completed the sale of its interest in license PL435 on Haltenbanken, containing the gas discovery Zidane-1, to OMV (Norge) AS.
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  • 12/23/2011

    Sale of Siri field completed

    Stavanger, 23 December 2011: Norwegian Energy Company (Noreco) has completed the sale of its interests in the Siri field to DONG Energy.

    The agreement to sell Siri was announced in July this year. The price is USD 13 million with effective date 1 July 2011.

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