Noreco's share of production from the Siri area fields in July was about 2,425 boe/day. Production was shut down for 17 days due to leakage in a riser between the Siri platform and a subsea storage tank. The produced oil is currently being stored directly on tankers pending repairs. Noreco's equity production per field: Siri 500 boe/day, Nini East 1,225 boe/day, Nini 600 boe/day, Cecilie 100 boe/day. Noreco in July entered an agreement to sell its share in the Siri field with economic effect from 1 July 2011.
South Arne production was 1,450 boe/day net to Noreco.
Net production to Noreco from each of the Lulita and Enoch fields was 225 and 125 boe/day respectively.
Production volumes and prices are preliminary and subject to adjustments, including final allocations between fields, quality adjustments and prices.
Kjetil Bakken, VP Strategy and Investor Relations (+47 91 889 889)
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)