DOW JONES NEWSWIRES
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