DNO, Equinor trade offshore Norway field stakes

April 30, 2019
DNO has concluded an offshore asset swap agreement with Equinor Energy in the Norwegian sector, following approval by the authorities.

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