Noreco is a publicly owned company that develop and produce oil and gas – with a long-term and sustainable perspective.
Noreco was established in 2005 focusing on exploration and production of hydrocarbon resources on the Norwegian Continental Shelf. We later expanded into Denmark and United Kingdom. Our Norwegian assets were divested in 2016. On 31 July 2019 Norwegian Energy Company ASA completed through a wholly owned subsidiary, the acquisition of 100% of the shares in Shell Olie- og Gasudvinding Danmark B.V. With this acquisition Noreco has become the second largest oil and gas producer in Denmark and a considerable independent exploration and production company in the North Sea. Noreco has a 36.8% interest in the Danish Underground Consortium (DUC), a joint venture with 15 producing fields and related infrastructure.
Noreco has developed and holds a strong financial position to strengthen recovery, reserves and future growth.
During the last months our organisation has grown from 8 to 27 experienced professionals located at our offices in Oslo, Copenhagen and London. Even though we are employed at three different companies, we endeavor and work purposefully to think, act and interact as one team. Developing a common culture of strong ownership, agility and entrepreneurial spirit, we are to make Noreco a valuable business partner and a relevant voice in the industry.
Read more about Noreco here.