Drilling operations on Lilleulv in final stage

This article originates from the news archive of Det norske.

18. June 2008

The jack-up rig Maersk Giant is about to finalize drilling operations on the Lilleulv prospect in Production License 038. The drilling commenced on 26 May and is expected to be concluded this month.

Lilleulv is a separate structure to the Varg Field, and the well is thus classified as an   exploration well. A positive result would be of importance, as it could extend the life of
the Varg Field and add extra barrels of oil production to Det norske.

Talisman Energy is the operator of PL 038 with a 65% interest. Det norske has a 5% interest, whereas Petoro holds the remaining 30%.

About Det norske:
Det norske is the second-largest operating company on the Norwegian Continental Shelf with 23 operatorships and interests in a total of 44 licenses. In 2007, the company drilled five exploration wells. Det norske`s scope of activities is limited to the Norwegian Continental Shelf (NCS).

Det norske currently employs a staff of more than 100, and the strong growth rate is expected to continue in 2008. The company`s registered office is located in  Trondheim. Headquarter functions are divided between Oslo and Trondheim. The company also has offices in Harstad and Stavanger.

Det norske oljeselskap (`DETNOR`) emerged as a result of the combination between Pertra and DNO`s Norwegian operations. At the end of January 2008, the market capitalization of the company amounted to NOK 3.5 billion.