Noreco's deficit deepens despite record cash flow
![Photo: Noreco PR](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article14232285.ece/ALTERNATES/schema-16_9/doc7ltvno81xk515h7k2api.jpg)
In May, Euan Shirlaw took over as chief executive officer of Norwegian oil outfit Noreco, which is part of the Danish Underground Consortium (DUC) together with TotalEnergies and Nordsøfonden, after he had tended to most of the duties as interim CEO.
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