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Friday, 09 January, 2009, 22:10 GMT | more >>

Noreco pumps up the volume



By Upstream staff 

Norwegian player Noreco saw its oil, gas and natural gas liquids production for the fourth quarter of last year come in at 10,500 barrels of oil equivalent per day, in line with the guidance for the quarter.

The company said the average price achieved for the quarter was $83 per boe.

Average daily output in December was 9150 boe at an average price of $90 per barrel.

December production was lower than November mainly due to repair of a water injection pump at the Brage field and a shut in to allow pressure testing on the Nini field. At the end of December, these fields were back on normal production.

The production volumes are preliminary and are subject to adjustments, including final allocations between fields, quality adjustments and prices. The average prices stated are after cost of put options.


Thursday, 10 January, 2008, 09:16 GMT  | last updated: Thursday, 10 January, 2008, 09:20 GMT

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