RISC completes Independent Reserves Report for Noreco’s Danish North Sea assets

RISC was commissioned by Noreco to write an independent reserves report for its Danish North Sea assets, using the reserve definitions in SPE Petroleum Resources Management System (PRMS). RISC’s work was included as part of its financial reporting on Oslo Børs (ticker “NOR”) for year-ending 2021.

Noreco holds a non-operated interest in the Danish Underground Consortium (“DUC”) asset. This is the key upstream asset in Denmark and accounts for circa 85% of Danish oil and gas production. The DUC comprises 11 producing fields from four production hubs: Dan, Gorm, Halfdan and Tyra. More information can be found in the 2022 Annual Statement of Reserves, at www.noreco.com/

RISC has over 25 years of experience delivering Competent Persons Reports (CPRs), independent expert opinion, due diligence, and reserves and resources reports to organisations around the world. Our reserves reports are used worldwide to support project financing and filings to stock exchanges. This includes LSE, AIM, ASX. TSX, OSL, SGX, and others.

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