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Norwegian Energy Company ASA

ISIN: NO0010379266 | Ticker: NOR

About Norwegian Energy Company ASA

Company Description

Norwegian Energy Company ASA (Noreco) is a publicly owned company with focus on the oil, gas and offshore industry.

The acquisition of Shell’s upstream assets in the Danish Underground Consortium (DUC) which was completed July 2019 transformed Noreco into the second largest oil and gas producer in Denmark and a significant E&P player. The asset portfolio includes four hubs and 11 producing fields of which three hubs are currently producing and one hub is under redevelopment. The Company has a significant reserves base with net 201 mmboe of 2P reserves and net 200 mmboe of 2C reserves. The DUC is a joint venture between TotalEnergies Denmark A/S (43.2%) as operator, Noreco (36.8%) and Nordsøfonden (20.0%).

Year founded


Served area



Nedre Vollgate 1, 0158 Oslo – Norway

Shareholder information

Shares outstanding



Jan. 1, 2000

Stock exchange(s)

Euronext Oslo



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