Noreco reports solid performance after North Sea acquisition
Norwegian oil and gas firm Noreco, which was a sleeping company prior to acquiring Shell's stake in DUC, is now extracting hydrocarbons in the Danish North Sea, according to the company's new interim report.
Since Shell's divestment of its North Sea stake to Norwegian Noreco was finalized, the latter has had a net output of hydrocarbons amounting to 41.6 million barrels of oil equivalent per day (boepd), according to the company's quarterly financial statement, which now for the first time reflects the remarkable acquisition.
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