Det norske oljeselskap, a Norwegian independent oil company, said on Wednesday it would appeal the recent Norwegian energy ministry’s ownership shares split in the giant Johan Sverdrup field.

The company will appeal to the King in Council, as the highest level of the Norwegian administrative authorities.

To remind, on July 2, the energy ministry proposed the distribution of ownership in the following manner: Statoil (operator) 40.0267%, Lundin Norway 22.6%, Petoro 17.36%, Det norske oljeselskap 11.5733% and Maersk Oil 8.44%.

This meant that the ownership of Det norske would be even lower than the one that had been proposed previously by the majority of the partners in the project, excluding Det norske.

While submitting the development plan for the Johan Sverdrup in February this year, the majority of partners, except for Det norske which disagreed, asked the ministry to determine the final allocation of resources in Johan Sverdrup, based on the following proposal: Statoil 40.0267%, Lundin Norway 22.12%, Petoro 17.84%, Det norske oljeselskap 11.8933% and Maersk Oil 8.12%.

In its quarterly report issued today, Det norske CEO Karl Johnny Hersvik said: “For Det norske, it is a decisive principle that the ownership interests in Johan Sverdrup are to be distributed according to a combination of volume and value. We do not see this principle reflected in The Ministry of Petroleum & Energy (MPE) decision on the unitization split.”

Source: www.offshoreenergytoday.com

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