Norwegian Energy Company ASA also known as Noreco is an independent international petroleum

Petroleum

Petroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling...

 company based in Norway

Norway

Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...

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Overview

The company was established in January 2005 by Norway's local industry leaders. In December 2005, was awarded 3 production licences. In 2007, the company acquired Altinex ASA

Altinex

Altinex is an oil company with exploration and production licences in undeveloped sectors of the North Sea with licences in Norway, the United Kingdom, Germany, Denmark and Oman. Headquarters are in Oslo, Norway. In August 2007 the company was taken over by Noreco.The company was founded in 1997 by...

 and in 2008, Talisman Oil Denmark.
Main objective of the company is to explore, develop and produce oil and gas in the North Sea

North Sea

In the southwest, beyond the Straits of Dover, the North Sea becomes the English Channel connecting to the Atlantic Ocean. In the east, it connects to the Baltic Sea via the Skagerrak and Kattegat, narrow straits that separate Denmark from Norway and Sweden respectively...

. The company operates in Norway, Denmark

Denmark

Denmark is a Scandinavian country in Northern Europe. The countries of Denmark and Greenland, as well as the Faroe Islands, constitute the Kingdom of Denmark . It is the southernmost of the Nordic countries, southwest of Sweden and south of Norway, and bordered to the south by Germany. Denmark...

 and United Kingdom

United Kingdom

The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...

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