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Norwegian Energy Company ASA Announces Resumed Production on Huntington in License Shared with Premier Oil PLC, E.ON SE and Iona Energy Inc

Thursday, 22 Aug 2013 02:59am EDT 

Norwegian Energy Company ASA announced in relation to previous release about the shut in of production from the Huntington field, that it, together with partners Premier Oil PLC and Iona Energy Inc, has been informed by the operator of the Huntington Field, E.ON SE's E.ON UK E&P, that production was restarted on August 19, 2013 following the precautionary shutdown due to concerns with the cargo tank venting activities during low wind conditions. As was previously announced, Huntington production was temporarily shut-in on August 8, 2013. During the ramp up back to pre-shutdown production levels, the online commissioning and stabilization of the second gas compression system, referred as Train A, will occur. Once the compressor is on stream, production is expected to reach full capacity. The working interests in the Huntington field are E.ON E&P UK Ltd (25% Operator), Premier Oil plc (40%), Noreco Oil UK Ltd (20%), and Iona Energy (15%). 

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