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RBL redetermination update
Det norske oljeselskap ASA (“DETNOR”) has completed a semi-annual redetermination process with its bank consortium under the company’s USD 3.0 billion reserve-based lending («RBL») facility. The new borrowing base…
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Production capacity restored on Alvheim FPSO
Reference is made to the stock exchange notice dated November 24, 2015 regarding reduced production capacity at the Alvheim FPSO. The high voltage drive motor for one of the gas compressors has successfully been replaced and the production capacity…
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Det norske acquires Premier Oil’s Norwegian subsidiary
Det norske oljeselskap ASA («Det norske») is pleased to announce that the company has acquired Premier Oil Norge AS (“PONAS”) which comprises all Premier Oil plc’s Norwegian assets for a cash consideration of USD 120 million on a cash free,…
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The acquisition of Svenska Petroleum Exploration AS has been completed
Reference is made to the stock exchange notice dated October 14, 2015. The acquisition of Svenska Petroleum Exploration AS has now been completed.
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Invitation – Presentation of Financial Results for Q3 2015
Det norske oljeselskap ASA will present its financial results for the third quarter 2015 on Wednesday 4 November 2015. The presentation will take place at Felix konferansesenter in Oslo at 08:30 a.m. (CET). Please submit your registration to…
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Third quarter 2015 production
Det norske oljeselskap ASA («DETNOR») produced 62.8 thousand barrels of oil equivalents per day («mboepd») in the third quarter 2015.
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Reduced capex estimate for Johan Sverdrup Phase 1
Statoil, the operator for the Johan Sverdrup development, has presented a preliminary capex estimate for the first phase of the development to the partnership. The updated estimate is showing reduced capital expenditures as a result of positive…
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The Ministry of Petroleum and Energy approves the Johan Sverdrup development plans
Det norske oljeselskap ASA (DETNOR) and the partners in the Johan Sverdrup development signed 12 February the plan for development and operation (PDO) for Johan Sverdrup, phase one. Yesterday the Ministry of Petroleum and Energy approved the…
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Decision on apportionment of ownership interests in the Johan Sverdrup field
The Ministry of Petroleum and Energy (MPE) has now decided the apportionment of the ownership interests in the Johan Sverdrup field. The decision means that Det norske oljeselskap will have a total ownership interest in the Johan Sverdrup field of…
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