License 502 a part of Sverdrup

Statoil is in the process of completing appraisal well 16/5-3 together with partners Petoro and Det norske oljeselskap. The well confirms that the Johan Sverdrup field extends into production license 502 and proves a small additional upside to the field’s resources.

Well 16/5-3 was drilled in PL502 – the neighboring license to PL265 and PL501 – with a purpose of testing if the Johan Sverdrup field extends into this area. The well proved a 13.5 metre oil column in a high quality Jurassic reservoir and confirmed communication with the rest of the Johan Sverdrup field. This represents an additional upside to the Johan Sverdrup resources.

Results of well 16/5-3 in PL502 indicate as well that there may be further upside potential in the area.

Later this year the Cliffhanger prospect in PL265 will be drilled. This will be an important step to clarify and capture the full potential in the Johan Sverdrup area.

Det norske has an ownership share of 22.22 percent in production license 502. Statoil is operator, with an ownership share of 44,44 percent. Petoro has an 33.33 ownership share.

For further details on the results of well 16/5-3 please see the NPD press release.

Contact:
Torgeir Anda, VP Communication, tel.: +47 99 11 22 03

About Det norske:
Det norske oljeselskap ASA (DETNOR) specialize in extracting petroleum resources on the Norwegian Continental Shelf (NCS). We are an ambitious company with significant exploration activity. Recently we have taken part in some major discoveries, Johan Sverdrup being the single most important. During the first quarter of 2013 we will start producing our first own oil from Jette – the company’s first development as operator. Det norske has recently submitted Plan for Development and Operation (PDO) for the Ivar Aasen field to the authorities.

Det norske has its headquarter located in Trondheim, and offices in Oslo and Harstad. As of today we are more than 200 employees. Det norske is listed on the Oslo Stock Exchange with the ticker “DETNOR”.

More about Det norske at www.detnor.no/en