Repsol Farms-In to Ulvetanna Prospect

Det norske signed a farm-in agreement with Repsol Exploration Norge AS to take on a 40% interest in PL 356. This will reduce Det norske's ownership interest from 100% to 60%. The license houses the Ulvetanna prospect, located in the southern part of the North Sea. Plans are underway to start exploratory drilling in 2011.

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