Results form exploration drilling at Tasta prospect

Bullet

Stavanger, 16 September 2009: Norwegian Energy Company ASA (Noreco -  OSE:NOR), Noreco has completed exploration drilling at the Tasta-prospect in the North Sea. The well did not find hydrocarbons.

Noreco, the operator for PL412, has completed the drilling of the exploration well 25/9-3 (Tasta). The well was drilled 15 km east of the Jotun Field. The objective of the well was to prove hydrocarbons in the Middle Jurrasic reservoir rocks. No hydrocarbons were found. Reservoir rocks of predicted thickness and quality were encountered. This is the first well in PL412, which was awarded in February 2007. (APA 2006) The well was drilled to a vertical depth of 2249 m below sea level, and was completed in the Statfjord Formation. The well is being permanently plugged and abandoned.
 
Contact
Einar Gjelsvik, VP Strategy & Investor Relations (+47 992 83 856)