DNO, Equinor trade offshore Norway field stakes

Offshore staff

OSLO, Norway – DNO has concluded an offshore asset swap agreement with Equinor Energy in the Norwegian sector, following approval by the authorities.

Equinor assumes Faroe Petroleum’s interests in the non-producing Njord and Hyme redevelopment and Bauge development in the Norwegian Sea, while DNO receives four Equinor-held interests in the Alve, Marulk, Ringhorne East, and Vilje fields in the Norwegian and North seas.

DNO recently acquired Faroe Petroleum following a successful share offer.

04/30/2019