Noreco: production January 2015

Norwegian Energy Company ASA (Noreco) in January 2015 produced 4353 boe/d. Net realised price in January was US$42.6 per boe after adjustments for inventory, NGL and gas prices.

Production per field, January 2015 (December 2014 in brackets):

All in boed

  • Huntington – 1506 (678)
  • Nini – 1846 (2214)
  • Cecilie – 429 (368)
  • Oselvar – 456 (497)
  • Lulita – 116 (198)
  • Enoch – 0 (0)
  • Total – 4353 (3955)

Huntington production in January has been stable but restricted to approximately 1500 boe/d net to Noreco. While the CATS riser platform will remain closed at least until the end of February, Huntington has been allowed to increase production somewhat, to around 1900 boe/d net to Noreco in February.

The Siri Fairway fields Nini and Cecilie, and the Oselvar field all reported stable performance through January. At the end of the month Nini and Cecilie were shut in for planned maintenance. Both fields are now back on stream. Production from Lulita has been unstable during January due to water handling issues and planned maintenance at the Tyra and Harald fields.

As previously announced, restart of the Enoch field is expected in first quarter 2015.

Adapted from press release by Joe Green

Published on 09/02/2015

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