Hedging and taxes keep Noreco afloat

The Norwegian oil firm secured an average barrel price 110 percent higher than the market rate during Q2.

Noreco, the second-largest operator in the Danish North Sea after Total, can now reap the benefits of thinking ahead. At least in the sense that the company hedged the price of this year's production.

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Noreco cheers Tyra progress
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Noreco wants to invest more money in the North Sea
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