DNO Names New Exploration Chief

DNO ASA has appointed Tore Lilloe-Olsen into the newly created position of Corporate Head of Exploration.

Lilloe-Olsen, 51, joins DNO from Norsk Hydro ASA. Lilloe-Olsen has broad experience from several senior positions in Norsk Hydro, and he now comes from the position as Exploration Manager, Norway.

As Corporate Head of Exploration, Lilloe-Olsen will oversee all exploration activities within the DNO ASA Group. He will join DNO's Corporate Management Team, working with senior management in all aspects of DNO's upstream activities, and he will report to Helge Eide, Managing Director DNO ASA.

Commenting on the appointment, Helge Eide said: "DNO's strategy has a clear exploration focus and the company is planning to drill 23 exploration wells in 2007. Furthermore, in Norway the company's subsidiary Det Norske Oljeselskap is about to take the first steps in its ambitious growth strategy aiming at the position as the leading Norwegian independent E&P company at NCS. Tore brings valuable exploration competence to DNO, and we are looking forward to benefit from his input and expertise in the execution of our growth strategy."


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