Press Releases

NORECO (OSL:NOR) Stavanger, 9th October 2008: Norwegian Energy Company ASA (Noreco - OSE:NOR), The planned shutdown on Noreco's Siri field for maintainance for 6 days was executed according to plan. The field is back in production today.

A six day shut down on the Siri, Nini and Cecilie fields in Denmark has been completed, and the fields are now in production according to plan. As reported October 1st Noreco continue to produce at a high level and is ahead of plan. The company will present a new production guidance for 2008 in conjunction with the presentation of the Q3 results 23 October.

As reported October 1st Noreco continue to produce at a high level and is ahead of plan. The company will review the production guidance for 2008 in conjunction with the presentation of the Q3 results 23 October.

For further information, please contact: Scott Kerr, CEO (+47 992 83 890) Einar Gjelsvik, Vice President Investor Relations (+47 992 83 856)

www.noreco.com

Noreco is Norway's second largest oil and gas company based on production . The company's focus is to explore, develop and produce oil and gas in the North Sea. Since incorporation in 2005, the company has grown rapidly through license rounds and acquisitions. Noreco operates in Norway, Denmark and United Kingdom, and employs 75 oil and gas professionals. Noreco is listed on the Oslo Børs (ticker NOR).

NORECO

http://www.noreco.com

ISIN: NO0010379266

Stock Identifier: XOSL.NOR