Bank funding

Det norske oljeselskap ASA is working to replace its existing USD 500 million Revolving Credit Facility with maturity at the end of 2015.

A process is well underway with a selected group of banks to establish a new facility with an amount of up to USD 1,000 million and with a five year maturity from the signing date.

The company expects that this process will be completed in the third quarter 2013.