Noreco increases Huntington production

Norwegian Energy Company (Noreco) has been allowed to increase production from the Huntington field, located in the UK North Sea.

Huntington production in January has been stable but restricted to approximately 1 500 bopd net to Noreco. While the CATS riser platform will remain closed at least until the end of February, Huntington has been allowed to increase production to around 1 900 bopd net to Noreco in February.

According to Noreco, the Siri Fairway fields Nini and Cecilie, and the Oselvar field all reported stable performance through January. At the end of the month Nini and Cecilie were shut in for planned maintenance. Both fields are now back on stream. Production from Lulita has been unstable during January due to water handling issues and planned maintenance at the Tyra and Harald fields.

Furthermore, restart of the Enoch field is expected in first quarter 2015.

Noreco also informed that in January 2015 it produced 4 353 barrels of oil equivalents (boe) per day. Net realised price in January was $42.6 per boe ($43.8 per barrel of oil) after adjustments for inventory, NGL and gas prices.

Production per field, January 2015 (December 2014 in brackets):
All in boed

Huntington – 1 506 (678)
Nini – 1 846 (2 214)
Cecilie – 429 (368)
Oselvar – 456 (497)
Lulita – 116 (198)
Enoch – 0 (0)
Total – 4 353 (3 955)

The Huntington oil field is operated by E.ON which owns 25% stake. Other partners in the field are Premier Oil with 40% interest, and Noreco and Iona Energy with 20 % and 15% ownership, respectively.

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