Det norske Sells Stake in North Sea

Det norske has sold a 15% interest in Production License 450 to North Energy. The license is located in Block 7/12 in the Norwegian sector of the North Sea, southwest of the Ula field.

The consortium plans to drill a prospect in the block, Storebjorn, in the fourth quarter of 2011 with the Maersk Guardian jackup. Det norske is the operator of the license, holding a 60% interest. Partners on the license include North Energy (15%) and Dana Petroleum (25%). 

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