Production November 2011

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Stavanger, 6 December 2011: Norwegian Energy Company ASA (Noreco) in November 2011 produced 3,810 barrels of oil equivalents (boe) per day. Net realised oil price was USD 115 per boe after adjustments for oil put options, inventory, NGL and gas prices.

Production per field (boe):
Nini East - 2.373
Nini - 535
Cecilie - 512
Lulita - 290
Enoch - 100

Production volumes and prices are preliminary and subject to adjustments, including final allocations between fields, quality adjustments and prices.

Contact:
Kjetil Bakken, VP Investor Relations (+47 91 889 889)

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)
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