Norway: Det norske Appoints New CFO

Teitur Poulsen has been appointed as Chief Financial Officer of the Det norske oljeselskap ASA. He most recently served as Group Economics and Corporate Planning Manager of Lundin Petroleum AB in Geneva.

He has worked for Lundin since 2006, and previously as chief economist and business analyst in Faroe Petroleum plc. in Aberdeen. Poulsen holds an MA in economics from the University of Aberdeen.

Poulsen will join Det norske in November.

About Det norske:

Det norske oljeselskap ASA has interests in a total of 72 licenses, with 35 operatorships.

Det norske is the second-largest operating company on the Norwegian Continental Shelf both considering number of operatotships and exploration activity. I 2009 the company operated nine exploration wells, and the high activity will continue in 2010. Det norske runs its activities in a safe and responsible manner in close cooperation with the authorities.

Det norske currently employs a staff of 190. The company`s registered office is located in Trondheim. The company also has offices in Oslo, Harstad, and Stavanger.

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Source: detnor, October 1, 2010;