USD 1 billion revolving credit facility completed

Det norske oljeselskap ASA has entered into a USD 1 billion revolving
credit facility with a group of Nordic and international banks. The
facility contains an uncommitted accordion option which, if fully
utilised, would increase the facility from USD 1 billion to USD 2
billion.
Loan documents for the revolving credit facility was signed on 3
September 2013. The Bookrunners and Mandated Lead Arrangers DNB, Nordea
and SEB led the syndication process.

The facility matures five years from the signing date. The USD 1 billion
facility replaces the company's USD 500 million tranche with maturity 31
December 2015.

The new loan carries an interest of NIBOR/LIBOR + 3 per cent p.a. and a
utilisation fee of 0.5 per cent or 0.75 per cent p.a based on the amount
drawn under the facility.

"We are very pleased with the support Det norske has received from
leading banks, both from the Mandated Lead Arrangers and from other
strong Nordic and international banks throughout the syndication
process," Det norske CFO Alexander Krane said.

The refinanced bank facility strengthens Det norske's liquidity position
as it enters into development projects on, primarily, Ivar Aasen and
Johan Sverdrup.

"The banks' willingness to support the facility highlights the quality
of our asset base," Mr. Krane said.

In the past twelve months, Det norske has also issued NOK 1 billion in
equity and issued NOK 1.9 billion in unsecured bonds.

Contact:

Alexander Krane, CFO, tel. + 47 916 30 025
Knut Evensen, VP Investor Relations, tel.: +47 950 77622
About Det norske:
Det norske oljeselskap ASA (DETNOR) is an active exploration company on
the Norwegian Continental Shelf. Det norske's headquarters is in
Trondheim. The company also has offices in Oslo and Harstad.

Det norske is listed on the Oslo Stock Exchange with the ticker
"DETNOR".
More about Det norske at www.detnor.no/en