Posts

Exploration well 16/2-18S on Cliffhanger North completed

Det norske oljeselskap ASA (Det norske) has, as a 20 per cent partner in PL 265, made a small oil discovery in exploration well 16/2-18S, drilled on the Cliffhanger North prospect west of the main bounding fault for the Johan Sverdrup discovery.
Posts

Update on Norvarg appraisal well

Det norske oljeselskap ASA, as partner in PL 535, announces that Total E&P Norge AS as operator of PL 535 is in the process of concluding the drilling of appraisal well 7225/3-2 on the Norvarg gas discovery made in 2011. The appraisal well was…
Posts

Update on the Cliffhanger North prospect in PL 265

Det norske oljeselskap ASA has, as partner in PL 265 (20 percent), explored a potential on the basement high to the west of the main fault and to the west of the Johan Sverdrup field. Exploration well 16/2-18 S did not find sandstone reservoir from…
Posts

Invitation – Presentation of Financial Results for Q2 2013

Det norske oljeselskap ASA ("DETNOR") will present its financial results for the second quarter 2013 on Wednesday, August 14, 2013. The venue is Hotel Continental in Oslo (Stortingsgaten 24/26) at 08:15 a.m. (CET).
Posts

Update on Norvarg appraisal well

Det norske announces that the appraisal well (7225/3-2) being drilled on the Norvarg discovery, located in PL535 in the Norwegian sector of the Barents Sea, has confirmed the presence of hydrocarbons in the Kobbe formation based on the results of…
Posts

Successful placement of NOK 1.9 billion bond issue

Reference is made to the announcement made Wednesday June 19 2013 regarding a contemplated offering of a senior unsecured bond. The Company is pleased to announce that the bond offering has been successfully completed, with a…
Posts

Updated company presentation

Attached is an updated company presentation. Contact: Knut Evensen, VP Investor Relations, tel.: +47 950 77 622
Posts

Contemplating new bond issue

Det norske oljeselskap ASA is contemplating a senior unsecured bond issue with maturity in July 2020 in the Norwegian bond market. The net proceeds from the issue will be used for general corporate purposes. The contemplated bond issue will have an…
Posts

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…
Posts

Increased production in Det norske

Det norskes physical production in May was 5,238 barrels per day. This is an increase of over 250 percent.