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Noreco raises production target 25%

Noreco’s seven fields are Brage and Enoch offshore Norway, plus the five Danish fields of Siri, South Arne, Nini, Lulita, and Cecilie.

Published Jul 24, 2008
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Norway’s Noreco has raised its production target for this year by 25% based on the performance of its seven North Sea fields.

Newly issued production guidance from Noreco indicates that the company aims to produce between 11,500 and 12,500 boe/d this year.

Noreco’s figures exclude assets acquired with the takeover of Talisman Oil Denmark, which was effective from 18 June, which will allow the com-pany’s average production to exceed 12,250 b/d of oil in the second half of the year.

Noreco’s seven fields are Brage and Enoch offshore Norway, plus the five Danish fields of Siri, South Arne, Nini, Lulita, and Cecilie.