The sale price is NOK1.1 billion after taxes and the sale becomes effective on January 1, 2008, when StatoilHydro will take over all of Det norske’s obligations in the Goliat Field. The total compensation is expected to be close to NOK1.3 billion.
Erik Haugane, CEO of Det norske, said: We still have a strong belief in Goliat and deem this an advantageous project for the licensees and North Norway. We have participated actively in the planning of the future development and are confident that Eni, in co-operation with StatoilHydro, will succeed in developing this project further. However, Det norske has chosen to prioritize other projects related to recovery of new petroleum resources.
