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Norwegian Energy Company ASA Announces Temporary Shut Down of Huntington Field in License Shared with Premier Oil PLC, Iona Energy Inc and E.ON SE's E.ON E&P UK Ltd.

Tuesday, 13 Aug 2013 02:45am EDT 

Norwegian Energy Company ASA announced that the operator on the Huntington field, E.ON SE's E.ON E&P UK Ltd., has informed its partners, Premier Oil PLC, Noreco Oil UK and Iona Energy Inc, that production at the field will remain shut until issues related to the cargo tank venting system on board the platform at the field has been resolved. Norwegian Energy Company (Noreco) is partner and owns 20% of the Huntington license. The operator along with the duty holder are taking a number of actions to assure that the gas venting system can be improved by revised operational procedures. If this can be achieved, it is Noreco's understanding that production could resume next week. A permanent solution is scheduled for completion in late August 2013. The working interests in the Huntington field are E.ON E&P UK Ltd. (25% Operator), Premier Oil plc (40%), Noreco Oil UK (20%), and Iona Energy Inc. (15%). 

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