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Sail Away of Tyra Topsides, Corporate Update and Appointment of Head of ESG
In line with the Company's hedging policy, and as a result of the positive commodity price environment in Q4 2021, Noreco has entered into fixed-price swap contracts for additional oil and gas volumes from 2022 to 2024. The Company has hedged c. 415,000 MWh (c. 245,000 boe) of gas in summer 2022 at an average price of c. EUR 50 /MWh and c. 720,000 bbl of oil in 2023 and 2024 at prices from $65 to $71 /bbl.
Further, Noreco is pleased to announce that Cathrine Torgersen has been appointed the Company's Head of ESG, through her new role as EVP Investor Relations & ESG. This reflects the importance that Noreco places on being both an active participant in the Energy Transition and doing so in a meaningful, but measured manner.
said Euan Shirlaw , Acting Managing Director & CFO in Noreco
he adds.
he concludes.
An updated investor presentation is attached and will be made available at the Company's website, www.noreco.com.
Cathrine Torgersen , EVP Investor Relations & ESG
Phone: +47 91 52 85 01
Email: ct@noreco.com
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https://news.cision.com/noreco/r/sail-away-of-tyra-topsides--corporate-update-and-appointment-of-head-of-esg,c3483277
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