Det norske lifts its share in the PL 027D Jetta prospect prior to drilling operations.

Det norske has agreed to lift its stake in the PL 027D Jetta prospect from 35 percent to 47 percent by taking on a 12 percent stake from ExxonMobil, prior to drilling operations.
In return Det norske will carry Exxon Mobil’s 13 percent stake in the drilling operation.
The Jetta prospect is located next to the producing Jotun field, and semi submersible drilling rig Bredford Dolphin is scheduled to spud the well in mid-August. Det norske is operator for the drilling operations.

The Jetta prospect exploration model carries many similarities to that of the Jotun field. A discovery could be produced from existing installations on the Jotun field and thus a fast track development of potential reserves is possible.

ExxonMobil is operator for PL 027D, and has received drilling permits from the authorities.

The agreement is subject to both partner and government approval.