Norway: Det Norske Makes Significant Oil Discovery on Storklakken

Det norske has made an oil discovery in exploration well 25/1-11 on Storklakken in PL 460. A nine meter oil column has been encountered, with good reservoir quality.

Comprehensive data sampling is being performed in the well and the company will drill a sidetrack in order to assess the size of the discovery.

Det norske holds 100% ownership interest in production license 460.

Det norske oljeselskap ASA has interests in a total of 77 licenses, with 37 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 180. The company`s registered office is located in Trondheim. The company also has offices in Oslo,Harstad, and Stavanger. Det norske is listed on the Oslo Stock Exchange (DETNOR).


Source: Detnor,April 19, 2010;