OUR VISION

To be one of the leading independent energy companies based on the Norwegian Continental Shelf. We provide unique value creation for all our stakeholders by building an optimized portfolio of exploration, development and production assets.

Our team is recognized as being highly competent, innovative, and competitive and is seen as a preferred team to partner with for win-win relationships. Our employees recommend Noreco as an exciting and fun place to work and we continually attract and recruit top tier oil and gas professionals as to our team.

OUR STRATEGY

To achieve our vision we will:

• build an international independent oil and gas company, with main operations on the Norwegian Continental Shelf.
• focus on building a portfolio of exploration, development and production assets on the Norwegian Continental Shelf through exploration rounds and acquisition activity. We will build on core areas were we have the understanding and knowledge to develop unique value creating options for Noreco and our stakeholders.
• create value in the core areas through competence and commitment to generate activity and take risk. Our people, and their competence and commitment to succeed, is at the centre of our strategy. We will ensure that Noreco has and maintains competitive competence in all key disciplines, and that we have the necessary capacity to both deliver value creation on our assets and sustainable growth in portfolio and capability.

OUR VALUES
We believe that our integrity and standards are critical to our sustainability and value as a company, and that success is both about achieving the right results and delivering in the right way.

Being a good corporate citizen;
Noreco is the “local energy company” founded and owned by local investors and with local management and staff. We have a strong interest and engagement in the local society, because we live here too! We will act as a responsible and supportive member of the local society, and help create value for the society, develop the local industry and community by using local service providers and contractors, and by cooperating with local R&D and academic institutions.

Caring for our people and the environment
We demonstrate our concern for our people through focus on health, safety and work environment, recognizing that our staff and contractors represent the cornerstone of delivering Noreco’s vision and strategy. Our commitment is to protect them from harm and create a work environment that facilitates excellent business results.

We protect the environment by minimizing waste, emissions and other long term negative impact on the environment in all of our activities(Reduce-reuse-recycle).

Developing our people and our competence
We believe that investing in good people through targeted recruiting and development of competence in existing staff are among the most value adding investments we can make, and the key enabler for meeting our business objectives.
We will respect and value our people, develop their ideas and competence and respect their opinions and private lives.

Committing to competitive performance
We commit to deliver the best possible results for Noreco, and aggressively pursue our vision. We will drive performance by integrating our knowledge into delivery of business results and by constantly developing and renewing our competitive advantage.

Conducting our business with integrity and honesty
In Noreco we will conduct all our business activities with integrity and honesty. We will deliver on our promises in our day to day activities and always communicate openly and honestly if expectations can no longer be met.

We believe that our reputation and our relationships with all stakeholders (staff, authorities, partners and service providers) have the highest value to Noreco as a company and for us as individuals, and that great relationships are built on trust, open communication and a track record of delivery against expectations.