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Norwegian Energy Company

  • Segment: Exploration & Production
  • Location: Norway
  • Status: Exited
  • Entry: 2005

Noreco is one of Norway's leading independent oil companies, founded in Stavanger in 2005 by a strong team of experienced E&P professionals. The company has a balanced licence portfolio focused at the North Sea and the Norwegian sea, consisting of more than 50 licences. Noreco has oil and gas production from 7 offshore fields. The company acquired Altinex ASA in August 2007, and was listed on the Oslo Stock Exchange in November that year (ticker: NOR). Noreco is headquartered in Stavanger, and has offices in Stavanger, Copenhagen and Oslo.