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.

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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