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Det Norske Sells 15% Stake in License to North Energy

July 5 (Bloomberg) -- Det Norske Oljeselskap ASA sold a 15 percent stake in North Sea production license 450 in Norway to North Energy ASA.

“Det Norske is the operator, and will after the transaction hold a 60 percent interest in the license,” the company said. The sale is subject to government approval.

Drilling in the prospect is planned for the fourth quarter, the company said.

To contact the reporter responsible for this story: Stephen Treloar at streloar1@bloomberg.net

To contact the editor responsible for this story: Jonas Bergman at jbergman@bloomberg.net

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