Huntington, Nini fields keep Noreco’s production stable

Norwegian Energy Company (Noreco) in March 2014 produced 8 615 barrels of oil equivalents per day (boepd) on average.

Net realised prices in March were USD 98.3 per barrel of oil equivalents (USD 105.7 per barrel of oil) after adjustments for inventory, NGL and gas prices.

For the first quarter 2014 production was 6 965 boepd at an average net realised price of USD 100.2 per boe (USD 107.4 per barrel of oil).

Due to stable production close to plateau level at the Huntington field and high production rates at the Nini field, Noreco’s production remained high in March.

Huntington gross production averaged above 26 000 boepd. Production was interrupted for two days due to planned maintenance in the CATS gas export system.

The Nini field (comprising Nini and Nini East) has continued to perform well. With the temporary solution whereby the fields are producing directly to tanker, regularity continues to be highly dependent on weather. Danish authorities have approved continued use of the temporary production arrangement to 1 October 2014.

As previously reported, the Siri platform will be repaired this summer.

To ensure progress in this work the operator DONG E&P has chartered an accommodation platform for two months from April 2014. The extra accommodation will enable the partnership to bring forward other repair work, which partly was scheduled for later in 2014. As a consequence, Noreco foresee a slight increase in production expenses in the short term, which is expected to be compensated by higher production from the field for the full year.

March output from the Oselvar field was stable around 700 boepd net to Noreco and the Lulita field has produced in line with expectations.

According to the operator, the Cecilie field is expected to start up production late Q2. Restart at Enoch is also expected late Q2.

Press Release, April 04, 2014

Share this article

Follow Offshore Energy Today

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply