Det norske oljeselskap ASA announces the publication of the annual report for company activities in 2014. The theme for the report is the transformation of Det norske.
The highlights for 2014 was the acquisition of Marathon Oil Norge AS, the concept selection and impact assessment of the Johan Sverdrup field, together with the unitization agreement of the Ivar Aasen field.
The acquisition of Marathon Oil Norge AS has resulted in a vast increase of operated production and company reserves, and transforming Det norske to one of the largest listed independent E&P companies in Europe.
Det norske is well positioned in the Johan Sverdrup field, the largest industrial project in newer Norwegian history. The project will generate strong cash flow for the company from its start-up in 2019.
In 2014, the company secured a substantial share of the Ivar Aasen field in a unitization agreement with the license partners, and a volume increase simultaneously.
Find the PDF version of the Annual Report HERE.