Member access

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

SummaryChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll 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

Latest news on DET NORSKE OLJESELSKAP ASA
4d ago DET NORSKE OLJESELSKAP ASA : One of the largest listed independent E&P companies..
4d ago DET NORSKE OLJESELSKAP ASA : becomes one of the largest listed independent E&P c..
10/13 DET NORSKE OLJESELSKAP ASA : 100 million barrels from Varg
09/23 DET NORSKE OLJESELSKAP ASA : Exercise of call option for bond loan DETNOR01
09/09 DET NORSKE OLJESELSKAP ASA : Dry well on Kvitvola
08/29DJDET NORSKE OLJESELSKAP : Dry Well on Heimdalsho Prospect, Offshore Norway
08/29 DET NORSKE OLJESELSKAP ASA : Dry well on Heimdalshø
08/28 PLEXUS : Wins £1m Well Order with Det Norske
08/27 DET NORSKE OLJESELSKAP ASA : Plexus Holdings: £1Million Well Order Signed With D..
08/27 PLEXUS : Signs GBP1 Million Well Order With Det Norske
Advertisement
Chart
Duration : Period :
Det Norske Oljeselskap ASA Technical Analysis Chart | DETNOR | NO0010345853 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF