Det norske divests on Norway Barents Sea well

Operator Det norske oljeselskap has cut its risks on a forthcoming Norwegian exploration which is due to kick off in the New Years.

Det norske has agreed to farm down 10% of its equity in PL659 where an exploration well on the Langlitinden oil and gas prospect is due to be drilled early 2014.

Atlantic Petroleum has agreed to farm in to take the 10% equity, leaving Det norske with 20% in the licence are, and will carry Det noske on part of the drilling costs for the Langlitinden well, which is due to be drilled starting in January with the Transocean Barents semi-submersible.

source : offshore.no