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Norwegian Energy Company ASA Announces Start of Production at Huntington Field in License Shared with E.ON SE's Unit, Premier and Iona Energy Inc


Monday, 15 Apr 2013 01:00am EDT 

Norwegian Energy Company ASA announced that it has been advised by its operating partner, E.ON SE's E.ON Exploration and Production that production from the Huntington field, in license shared with Premier and Iona Energy Inc, has commenced. The field will increase Norwegian Energy Company's overall production and contribute to a increase in cash flow. The Huntington development includes the Voyageur Spirit FPSO (floating production, storage and offloading vessel) specifically modified to meet the field requirements, a six well subsea drilling template, and a 12 kilometer gas export pipeline connected to the BP CATS transportation system, allowing export of gas. Huntington is located on the United Kingdom Continental Shelf, and is expected to have a production capacity of approximately 30,000 barrels of oil per day. Norwegian Energy Company has a 20% interest in the Huntington field. E.ON Exploration and Production is the operator of the field with a 25% interest. Other partners are Premier (40 %) and Iona Energy (15 %). 

Company Quote

13.65
-0.12 -0.87%
15 Aug 2014