Det norske acquires licenses from Centrica

Det norske oljeselskap ASA («Det norske») has entered into an agreement with Centrica Resources Norge AS («Centrica») to acquire the company’s licenses in the Frigg Gamma Delta and Rind discoveries. As compensation Det norske will cover the expenses of the licenses with effective date of 1 January 2016.

The portfolio consists of 30 percent ownership in the licenses PL 442, PL 026B and PL 026, including the operatorship in Frigg Gamma Delta.

The transaction is subject to regulatory approvals.

Contacts:
Investor contact: Jonas Gamre, VP Investor Relations, tel.: +47 971 18 292
Media contact: Rolf Jarle Brøske, SVP Communications, tel.: +47 911 12 475

About Det norske:
Det norske is a fully-fledged E&P company with exploration, development and production activities on the Norwegian Continental Shelf (NCS). We are building one of Europe’s largest independent E&P companies.

Det norske is the operator of the producing Alvheim field and for the Ivar Aasen field development. In addition, the company is partner in the Johan Sverdrup field. Det norske has an active exploration programme on the Norwegian shelf and an ambitious strategy for growth.

Det norske’s headquarters are located in Trondheim, with branch offices in Stavanger, Oslo and Harstad. Det norske is listed on Oslo Børs with ticker ‘DETNOR’. More about Det norske at www.detnor.no/en/.