OSLO, Norway, March 25, 2022 /PRNewswire/ -- Norwegian Energy
Company ASA ("Noreco" or the "Company") is pleased to announce its
Annual Statement of Reserves, with proven plus probable net
reserves (2P reserves) of 200 million barrels of oil equivalent
(MMboe) as per 31 December 2021
compared to 201 MMboe at the end of 2020.
Following production net to Noreco of 10 MMboe in 2021, the
upward reserve revision at the end of the year has been driven by
strong underlying production performance and represents a reserve
replacement ratio close to 100 percent on the producing hubs.
The Reserves Report is attached and will be made
available on the Company's website www.noreco.com
This information is considered to be inside information pursuant
to the EU Market Abuse Regulation, and is subject to the disclosure
requirements pursuant to section 5-12 of the Norwegian Securities
Trading Act.
The stock exchange announcement was published by Cathrine Torgersen, Executive Vice President
Investor Relations & ESG, Norwegian Energy Company ASA, at the
date and time as set out above.
Contact:
Cathrine Torgersen,
EVP Investor Relations & ESG
Email: ct@noreco.com
Phone: +47 915 28 501
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The following files are available for download:
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https://mb.cision.com/Main/4225/3532262/1553739.pdf
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Noreco - Annual
Statement of Reserves 2022
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