Det Norske said it was consdiering a bond issue in a bid to strenghten its finances after reporting lower-than-expected profits in the first quarter.
The Norwegian company said a consortium of seven banks have underwritten a revolving credit facility worth $500million.
It is also considering a $300million bond issue.
Investors have been concerned about Det Norske’s leverage as the company looks to invest around aout $1billion this year.
Just less than have off this is expected to go on its Ivar Aaasen project and 15% at the Johan Sverdup fields.
The company said it expects a 2015 production forecast of between 58,000 and 63,000 barrels of oil equivalent per day.
Operating profit was $81million in the quarter, which was below analyst expectations for $94million but above a loss of $44million in the same period the year before.