HNA - SALE OF SHARES IN PELICAN AS



Pelican has ownership interests in Ula (4%), Gyda (5%), Tamber (15%) and Glitne (9,3%), and is expected to produce 11,000 barrels per day next year. The company has 20 employees.

The acquistion confirms DONG's interest in the Norwegian shelf. DONG intends to develop Pelikan as the basis for this concentration.

The owners of Pelican AS are:
AS Selvaag Invest: 36.2%
Norsk Hydro Produksjon a.s: 33.9%
Belships ASA: 9.9%
Actinor Olje AS (Hafslund Invest): 9.7%
Kværner Oil & Gas AS: 5.2%
Employees: 5.3%

For further information, please contact CFO Christian Berg 23 01 42 00 mobil 917 46 910.

Oslo, 7 December 2001

Contacts

  • Hafslund

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