DNO Brings Forward Norway Production Through Multi-Asset Equinor Swap
Norway, March 16 -- DNO ASA, the Norwegian oil and gas operator, announced a non-cash swap of Norwegian Continental Shelf assets with Equinor Energy AS covering DNO's stakes in four non-core discoveries in exchange for interests in the Kvitebjorn area in the Northern North Sea. The Equinor swap follows other recent transactions designed to increase near- to medium-term production and cash flow.Under the agreement, DNO will acquire a 19 percent interest in Atlantis and a 10 percent interest in Afrodite, two gas condensate discoveries near the Kvitebjorn field. All three assets continue to be operated by Equinor. DNO already holds a 19 percent interest in Kvitebjorn and 30 percent interest in the nearby Carmen discovery and is expanding its f...
To read the full article or to get the complete feed from this publication, please
Contact Us.