Det norske swaps interest in exploration portfolio

The Ministry of Petroleum and Energy has approved the swap agreement between Det norske oljeselskap ASA and Concedo ASA.
June 23, 2008

Offshore staff

TRONDHEIM -- The Ministry of Petroleum and Energy has approved the swap agreement between Det norske oljeselskap ASA and Concedo ASA. Det norske has farmed down 15% of its 100% license interest in PL 383 (Struten), planned to drilled in 2Q 2009, against a 15% interest in PL 485.

Both licenses are in the Norwegian Sea.

06/23/2008

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