Last 57.50 NOK
Change Today -1.25 / -2.13%
Volume 250.4K
DETNOR On Other Exchanges
Symbol
Exchange
Berlin
Stockholm
OTC US
As of 10:25 AM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

det norske oljeselskap asa (DETNOR) Snapshot

Open
58.75 NOK
Previous Close
58.75 NOK
Day High
59.00 NOK
Day Low
57.25 NOK
52 Week High
11/11/13 - 78.41 NOK
52 Week Low
04/16/14 - 52.38 NOK
Market Cap
11.7B
Average Volume 10 Days
392.9K
EPS TTM
-1.93 NOK
Shares Outstanding
202.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for DET NORSKE OLJESELSKAP ASA (DETNOR)

Related News

No related news articles were found.

det norske oljeselskap asa (DETNOR) Related Businessweek News

No Related Businessweek News Found

det norske oljeselskap asa (DETNOR) Details

Det norske oljeselskap ASA explores for, develops, and produces oil and gas on the Norwegian Continental Shelf. As of December 31, 2013, it had an estimated total net proven and probable reserves of 65.8 million barrels of oil equivalents. The company was formerly known as Pertra ASA and changed its name to Det norske oljeselskap ASA in November 2007. Det norske oljeselskap ASA was founded in 2001 and is headquartered in Trondheim, Norway.

230 Employees
Last Reported Date: 03/24/14
Founded in 2001

det norske oljeselskap asa (DETNOR) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: 2.3M NOK
Chief Operating Officer and General Manager
Total Annual Compensation: 4.7M NOK
Senior Vice President of Projects
Total Annual Compensation: 3.5M NOK
Senior Vice President of Asset Strategy
Total Annual Compensation: 2.6M NOK
Chief of Staff
Total Annual Compensation: 2.3M NOK
Compensation as of Fiscal Year 2013.

det norske oljeselskap asa (DETNOR) Key Developments

Det norske oljeselskap ASA Completes the Drilling of Wildcat Well 34/7-36 S T2

Det norske oljeselskap ASA has completed the drilling of wildcat well 34/7-36 S T2. The well was drilled on the Kvitvola prospect about 5 km west of the Visund Field by the Borgland Dolphin drilling rig. The purpose of the well was to prove petroleum in upper Jurassic, Draupne sandstones. A secondary target was the underlying Brent Group. The well encountered no reservoir in the Draupne Formation and thus no hydrocarbons were proven. The secondary target was also dry. 34/7-36 S T2 is the first exploration well in production license 553, awarded in the APA 2009. The well was drilled to a vertical depth of 3,639 meters below sea level (3,690 meters MDRKB). The water depth is 304 meters. The well will now be permanently plugged and abandoned.

Det Norske Oljeselskap ASA Announces Update on the Gohta-2 Well

Det norske oljeselskap ASA announced that the Gohta-2 appraisal well in PL492 is about to be completed. The well confirmed presence of oil and gas and two production tests were undertaken. The test of the gas zone was successful, whereas the test in the oil zone was inconclusive. The appraisal well 7120/1-4S was drilled from the rig Island Innovator in 332 meters of water depth in the Gohta structure in the Barents Sea, 5.3 kilometers north-west from the discovery well 7120/1-3 that was drilled in 2013, and proved an estimated 111-232 million barrels of oil equivalents in contingent resources. The objective of well 7120/1-4 S was to confirm the extent of the reservoir and reservoir properties in Permian carbonates, in addition to establishing oil-water and oil-gas contacts in western part of the structure. Extensive data sampling was carried out in the reservoir, including coring and fluid sampling. Well 7120/1-4 S encountered 10 metrs carbonate conglomerate in the upper part of the Permian succession with good reservoir quality, overlying fractured carbonates with limited reservoir quality. The conglomerate zone contains gas condensate, whereas the dense carbonate succession has oil shows. Two production tests were performed to further assess reservoir quality and permeability. The test in the oil zone was inconclusive due to seal issues, and produced 170,000 Sm3 gas/day from the overlying succession. The test in the gas condensate zone produced 700,000 Sm3 gas and 140 Sm3 oil per day. Det norske holds a 40% interest in the license. The partners in the license are Lundin Norway AS (40% and operator) and Noreco (20%).

Det Norske Reports Unaudited Consolidated Earnings for the Second Quarter and Six Months Ended June 30, 2014

Det Norske reported unaudited consolidated earnings for the second quarter and six months ended June 30, 2014. For the quarter, the company total operating revenue was NOK 453,853,000 against NOK 285,626,000 for the same period of last year. Operating profit was NOK 119,240,000 against operating loss of NOK 276,773,000 for the same period of last year. Loss before taxes was NOK 26,529,000 against NOK 325,688,000 for the same period of last year. Net profit was NOK 166,652,000 against net loss of NOK 41,488,000 for the same period of last year. Earnings after tax per fully diluted share was NOK 1.18 against loss after tax per fully diluted share NOK 0.29 for the same period of last year. Net cash flow from operating activities was NOK 238,148,000 against net cash used in operating activities of NOK 293,296,000 for the same period of last year. Disbursements on investments in fixed assets was NOK 651,027,000 against NOK 297,028,000 for the same period of last year. Disbursements on investments in capitalized exploration expenditures and other intangible assets was NOK 308,448,000 against NOK 288,504,000 for the same period of last year. For the six months, the company reported total operating revenues of NOK 612,195,000 against NOK 365,965,000 for the same period of last year. Operating loss was NOK 149,049,000 against NOK 527,417,000 for the same period of last year. Loss before taxes was NOK 355,293,000 against NOK 608,429,000 for the same period of last year. Net profit was NOK 150,869,000 against net loss of NOK 61,814,000 for the same period of last year. Earnings after tax per fully diluted share was NOK 1.07 against loss after tax per fully diluted share NOK 0.44 for the same period of last year. Net cash used in operating activities was NOK 251,309,000 against NOK 560,139,000 for the same period of last year. Disbursements on investments in fixed assets was NOK 1,240,638,000 against NOK 758,213,000 for the same period of last year. Disbursements on investments in capitalized exploration expenditures and other intangible assets was NOK 431,340,000 against NOK 524,511,000 for the same period of last year. Total other interest-bearing debt was NOK 2,470,125,000 against NOK 2,147,322,000 a year ago.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
DETNOR:NO 57.50 NOK -1.25

DETNOR Competitors

Market data is delayed at least 15 minutes.

Company Last Change
AWE Ltd A$1.91 AUD +0.23
Bankers Petroleum Ltd C$5.68 CAD -0.19
Gulf Keystone Petroleum Ltd 70.50 GBp -1.50
Indus Gas Ltd 355.00 GBp -2.50
Ophir Energy PLC 250.40 GBp +10.00
View Industry Companies
 

Industry Analysis

DETNOR

Industry Average

Valuation DETNOR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 6.5x
Price/Book 2.3x
Price/Cash Flow 18.5x
TEV/Sales 3.3x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact DET NORSKE OLJESELSKAP ASA, please visit www.detnor.no. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.