Det norske oljeselskap ASA is working to replace its existing USD 500 million Revolving Credit Facility with maturity at the end of 2015.
A process is well underway with a selected group of banks to establish a new facility with an amount of up to USD 1,000 million and with a five year maturity from the signing date.
The company expects that this process will be completed in the third quarter 2013.
Knut Evensen, VP Investor Relations, tel.: +47 950 77 622
About Det norske:
Det norske oljeselskap ASA (DETNOR) is an active exploration company on the Norwegian Continental Shelf. Det norske’s headquarters is in Trondheim. The company also has offices in Oslo and Harstad.
Det norske is listed on the Oslo Stock Exchange with the ticker "DETNOR".
More about Det norske at www.detnor.no/en