Det norske oljeselskap ASA has entered into an agreement with Atlantic Petroleum Norge AS concerning the sale of a 10 percent interest in production license 659 in the Barents Sea, where drilling on the Langlitinden prospect is scheduled to commence in January 2014.
As compensation, Atlantic Petroleum will carry part of Det norske’s drilling costs related to the exploration well. Langlitinden is a gas and oil prospect. The well is located approximately 165 kilometres northwest of Hammerfest.
The agreement is subject to approval by the authorities.
The licensees in production licence 659, previous ownership interests in parantheses:
Det norske oljeselskap, operator 20 percent (30 percent)
Petoro 30 percent
Lundin Norway 20 percent
Atlantic Petroleum Norge 10 percent (0 percent)
Tullow Oil Norge 10 percent
Rocksource Exploration Norway 5 percent
Ithaca Petroleum Norge 5 percent