Dry well in the North Sea - 25/6-4 S Kalvklumpen

Stavanger, 13 February 2012, Norwegian Energy Company ASA (Noreco): Drilling of the "Kalvklumpen" prospect in exploration well 25/6-4 S in licence PL414 is about to be completed. The well did not encounter hydrocarbons.

Noreco has a 20 percent interest in licence PL414. Det norske oljeselskap is the operator for the licence, with Faroe Petroleum Norge and Bayerngas Norge as the other partners.

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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