Financial Result of Q3 2010

Successful operations

Det norske oljeselskap ASA continues its ambitious strategy on the Norwegian continental shelf. The company is operator for an advanced exploration well, and is also making improvements to three development projects. A new charterparty for the Aker Barents has secured Det norske long-term rig capacity for operations in deep waters and in the Barents Sea.

CEO Erik Haugane says that Det norske has great belief in the Norwegian continental shelf.

’We are always seeking more and better areas to explore. It is important to expand our activities, not least in the north, in order to get confirmation of the vast resources that we believe are present in the Barents Sea. We will participate actively in these efforts, and our recent submission of applications in the 21st licensing round was confirmation of this.’

Please find, press release, presentation and Q3 report attached.

Contacts:

Knut Evensen, VP Investor Relations : +47 950 77 622

Torgeir Anda, VP Communication: +47 991 12 203