2009-08-17-2008-06-01-2008-06-01

Transaction Type
Sellers
Announce Date
Post Date
Close Date
Estimated Price
MM
Description

Acquired additional 30% interest in license 460, bringing interest to 60%.

Norwegian E&P Aker Exploration has acquired an additional 30% interest in production license 460 covering parts of blocks 25/1, 25/2 and 24/3 in the northern part of the North Sea from StatoilHydro, Stavanger, Norway, (NYSE: STO) for an undisclosed price. Aker was awarded a 30% interest in this license in February and this transaction increases the company's total interest in the license to 60%. Det norske oljeselskap ASA is operator with a 40% interest. The license partners have already committed to drilling an exploration well within a two-year period.