ShippingWatch

Noreco reports solid performance after North Sea acquisition

Norwegian oil and gas firm Noreco, which was a sleeping company prior to acquiring Shell's stake in DUC, is now extracting hydrocarbons in the Danish North Sea, according to the company's new interim report.

Photo: PR / Noreco

Since Shell's divestment of its North Sea stake to Norwegian Noreco was finalized, the latter has had a net output of hydrocarbons amounting to 41.6 million barrels of oil equivalent per day (boepd), according to the company's quarterly financial statement, which now for the first time reflects the remarkable acquisition.

Noreco sums up operational performance in the quarter as "solid".

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Trial banner

Latest news

See all jobs