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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…
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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…
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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.
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Important appraisals completed at Johan Sverdrup
Statoil has as operator completed important appraisal wells in the western part of the Johan Sverdrup field. This also marks the completion of the appraisal program in the central parts of the field.
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Extends rig contract with Maersk
Det norske oljeselskap ASA has, on behalf of the partners in the Ivar Aasen project, extended the contract with Maersk Drilling for lease of the drilling rig XL Enhanced 2. The contract has been extended from three to five years, and runs from 2014…
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Update on Johan Sverdrup appraisal well
Det norske oljeselskap ASA has, as partner in PL 265 (20 percent), by core samples confirmed oil shows in weathered and fractured basement rocks in the secondary objective of appraisal well 16/2-17 B. No sandstone reservoir was found in the primary…
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Jette update
Det norske oljeselskap ASA reported on Wednesday May 22nd, that production had commenced from the North Sea Jette field. Jette is developed with two subsea wells, tied back to the ExxonMobil operated Jotun platform.
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A fully fledged oil company
Det norske oljeselskap ASA is now a fully fledged oil company with exploration, development and operation. This week, the Ivar Aasen development was approved by the Storting. At the same time, production of Det norske’s first self-produced oil as…
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First oil produced by Det norske
Det norske oljeselskap ASA has initiated production from Jette. The first well is in production, and with good results. This is the first oil produced by Det norske as operator, representing a milestone for the company.
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