Stavanger, 2 January, 2009: Norwegian Energy Company ASA (Noreco,
OSE:NOR), Exploration drilling on the Hyme prospect in Norway has
started.
Drilling of the exploration well Hyme 2/5-14S in license PL006C in
the North Sea sector of the Norwegian Continental Shelf (NCS) has
commenced (see attached map). The well is being drilled by the
jack-up rig Mærsk Gallant. After the Hyme well has been completed, a
side track 2/5-14A will be drilled to appraise the oil discovery
South East Tor. Drilling results from Hyme and South East Tor are
expected in first quarter 2009. Noreco owns 15% of the license,
and Lundin Petroleum is the operator.
For further information, please contact:
Einar Gjelsvik, Vice President Investor Relations (+47 992 83 856)
www.noreco.com
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