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Noreco production figures: June 2015

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Oilfield Technology,

International petroleum company, Norwegian Energy Company ASA (Noreco) has released its production figures for June 2015.

Noreco group’s net production for the month is estimated at 4320 boe/d. The net realised price in June was US$54.5 per boe after adjustments for inventory, NGL and gas prices.

For 2Q15, production was 4894 boe/d, rising from 3236 in 1Q15, at an average net realised price of US$55.6 per boe.

Overall production decreases in June

Huntington field produced 3559 boe/d in June, as opposed to 4419 boe/d in May, Oselvar field produced 444 boe/d, 64 boe up from May’s 380 boe/d. Finally, Lulita field produced 317 boe/d, compared to 246 boe/d in May. In total, 4320 boe/d were produced in June, a drop of 726 boe from May’s 5046 boe/d.

The gas transportation agreement for Huntington has recently been amended which is expected to deliver improved certainty of gas export volumes from the field for the remainder of the CATS summer maintenance slowdown period.

Adapted from press release by David Bizley

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