Det norske sells Yme field interest

The Norwegian Ministry of Energy and Petroleum has approved Det norske oljeselskap's sale of 10% in production licenses 316, 316B, 316CS, and 316DS to Lotos Exploration and Production Norge AS.

Dec 8th, 2008

Offshore staff

TRONDHEIM, Norway -- The Norwegian Ministry of Energy and Petroleum has approved Det norske oljeselskap's sale of 10% in production licenses 316, 316B, 316CS, and 316DS to Lotos Exploration and Production Norge AS.

The transaction includes the Yme field, which is currently under development. Det norske will receive close to $85 million in cash for the assets.

12/08/2008

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