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Det Norske Sells 15% Stake in License to North Energy

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.

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