Total production from the Siri area fields in February was about 16,100 boe/day (6,025 boe/day net to Noreco). The fields have produced with high regularity following the upgrade of the gas compressor on the Siri platform in January. Drilling of a new water injector on Nini East is underway. Noreco's equity production per field: Siri 2,125 boe/day, Nini East 2,000 boe/day, Nini 1,275 boe/day, Cecilie 625 boe/day.
Brage produced around 26,500 boe/day (3,225 net) in February. Drilling of well A-14 A (Arran), a combined exploration and production well which started in December, is still ongoing.
South Arne production was around 23,300 boe/day (1,475 net).
Net production to Noreco from each of the Lulita and Enoch fields was 200 and 100 boe/day respectively.
Production volumes and prices are preliminary and subject to adjustments, including final allocations between fields, quality adjustments and prices.
For further information, please contact:
Scott Kerr, CEO (+47 99 28 38 90)
Kjetil Bakken, Investor Relations Manager (+47 91 889 889)
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)