Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Oslo Bors  >  Det Norske Oljeselskap ASA    DETNOR   NO0010345853

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Det Norske Oljeselskap Buys 10% Stake In Barents Sea License

03/19/2012 | 03:14am US/Eastern

Norwegian oil company Det Norske Oljeselskap ASA (DETNOR.OS) said Monday it has acquired a 10% interest in Production License (PL) 531 from RWE Dea Norge AS.

 
   MAIN FACTS: 

-The first exploration well in the license is planned drilled in the fourth quarter this year, or during the first quarter of next year.

-The well will be drilled with the Transocean Barents drilling facility.

-Repsol Exploration Norge AS is the operator, holding a 20% interest. The other licensees are Talisman Energy Norge AS (25%), Concedo ASA (20%), RWE Dea Norge AS (15%), and Marathon Oil Norge AS (10%).

-This acquisition is part of Det norske's continuous strategy of diversifying and optimizing its exploration portfolio. The purchase agreement is subject to approval by the Norwegian authorities.

-Shares closed Friday at NOK92.75.

-By Dominic Chopping; Dow Jones Newswires; +46-8-5451-3093; dominic.chopping@dowjones.com

React to this article
Latest news on DET NORSKE OLJESELSKAP ASA
02/03 DET NORSKE OLJESELSKAP ASA : Invitation - Presentation of Financial Results for ..
01/30 DET NORSKE OLJESELSKAP ASA : and Norsar sign agreement to study Norways northern..
01/27 DET NORSKE OLJESELSKAP ASA : and Norsar signs research agreement
01/27 DET NORSKE OLJESELSKAP ASA : and Norsar Signs Research Agreement
01/27 DET NORSKE OLJESELSKAP ASA : And Norsar Signs Research Agreement
01/19 DET NORSKE OLJESELSKAP ASA : Rewarded with ten new licenses – thereof six ..
01/18DJStatoil Sees Spending Cut at Johan Sverdrup Oil Giant
01/18 DET NORSKE OLJESELSKAP ASA : Capital Markets Day 2016
01/14 DET NORSKE OLJESELSKAP ASA : Fourth quarter 2015 production
01/05 DET NORSKE OLJESELSKAP ASA : Invitation – Capital Markets Day
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials