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DNO ASA ( (GB:0MHP) ) has issued an update.
DNO ASA has completed the acquisition of Sval Energi Group AS for USD 450 million, significantly increasing its North Sea production and reserves. This acquisition quadruples DNO’s North Sea production to 80,000 boepd and increases its proven and probable reserves to 189 MMboe, positioning the company for organic growth and further acquisitions in the region.
More about DNO ASA
DNO ASA is a leading Norwegian oil and gas operator, founded in 1971 and listed on the Oslo Stock Exchange. The company is active in the Middle East, the North Sea, and West Africa, holding stakes in onshore and offshore licenses across various stages of exploration, development, and production in regions including the Kurdistan region of Iraq, Norway, the United Kingdom, Côte d’Ivoire, and Yemen.
Average Trading Volume: 2,213,186
Current Market Cap: NOK12.51B
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