Noreco's risked exploration resources up 50%

Noreco`s five awards in the 20th licensing round in Norway will increase the company's risked exploration resources by more than 200 MMboe, an approximate 50% increase.

Offshore staff

STAVANGER -- Noreco`s five awards in the 20th licensing round in Norway will increase the company's risked exploration resources by more than 200 MMboe, an approximate 50% increase. Noreco's risked resources prior to the awards were in excess of 450 MMboe, the company reports.

05/13/2009

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