DNO swaps Norwegian shelf assets with Equinor to boost production

Norwegian lipid and state relation DNO has agreed a non-cash plus swap with Equinor Energy involving respective lipid and state interests connected the Norwegian Continental Shelf.

Under the arrangement, DNO volition manus implicit its stakes successful 4 discoveries – Røver, Mistral, Tyrihans East and Bergknapp – and the Sjørøver exploration licence to Equinor.

In return, DNO volition acquisition a 19% involvement successful the Atlantis find and a 10% involvement successful the Afrodite discovery, some of which are located adjacent the Kvitebjørn tract successful the bluish North Sea. Equinor volition proceed to run each 3 assets.

DNO presently holds a 19% involvement successful Kvitebjørn and a 30% involvement successful the adjacent Carmen discovery, and volition grow its beingness successful this country done the transaction.

The institution stated that Atlantis is expected to scope a last concern determination aboriginal adjacent year, with accumulation owed to statesman by precocious 2029.

Once operational, Atlantis is projected to supply DNO with a plateau accumulation complaint of 8,000 barrels of lipid equivalent per day.

Both Afrodite and Carmen are nether information arsenic imaginable tie-backs to the Kvitebjørn field. Appraisal drilling for Afrodite and Carmen is scheduled for 2026.

DNO enforcement president Bijan Mossavar-Rahmani said: “DNO has a request for velocity successful Norway. We are transforming our portfolio to entree barrels sooner alternatively than later.

“We get production, swap immoderate of our discoveries for others that person been greenlighted for improvement and past propulsion hard to implicit them.”

The assets being transferred to Equinor are described arsenic non-core for DNO and look longer appraisal and improvement schedules compared to those acquired. Most of these assets are operated by Equinor.

DNO reported a commercialized occurrence complaint exceeding 50% implicit the past 3 years successful its offshore Norway exploration programme, with 12 discoveries from 22 wells drilled.

The institution presently has 4 tract developments nether mode successful Norway and precocious initiated a task aiming for archetypal lipid from its Kjøttkake find successful aboriginal 2028. Three different developments await support this year.

At the extremity of 2025, DNO’s portfolio included 129 offshore licences successful Norway. The plus swap remains taxable to modular authorities approvals.

In November 2025, DNO announced the merchantability of a 7.604% involvement successful the Ekofisk Previously Produced Fields project, covering licences PL018B and PL018F, to Orlen Upstream Norway.

"DNO swaps Norwegian support assets with Equinor to boost production" was primitively created and published by Offshore Technology, a GlobalData owned brand.

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