Det norske lifts stake in Jetta

Det norske has agreed to lift its stake in the Jetta prospect from 35% to 47% by taking on a 12% interest from ExxonMobil, prior to drilling operations.

Offshore staff

OSLO -- Det norske has agreed to lift its stake in the Jetta prospect from 35% to 47% by taking on a 12% interest from ExxonMobil, prior to drilling operations. In return Det norske will carry ExxonMobil`s 13% stake in the drilling operations.

The Jetta prospect is located next to the producing Jotun field. The semisubmersible drilling rig Bredford Dolphin is scheduled to spud the well in mid-August. Det norske is operator for the drilling operations.

07/30/2009

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