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Brief: DNO Enters Into Multi-Asset Deal With Var Energi

BRIEF-DNO Enters Into Multi-Asset Deal With Var Energi

- Dno ASA DNO.OL:

  • ANNOUNCES MULTI-ASSET DEAL WITH VÅR ENERGI SECURING GJØA HUB OWNERSHIP

  • TO BUY 5% STAKE IN GJØA FIELD AND GJØA NORD, EXCHANGE 5% NOVA INTEREST

  • INTEREST IN NOVA TO DECREASE FROM 45% TO 40% AFTER DEAL

  • TO EXIT RINGHORNE NORD DISCOVERY IN NON-CORE AREA OF CENTRAL NORTH SEA BY DIVESTING ITS 15% STAKE IN PL956 TO VÅR

  • TO RECEIVE POST-TAX $17.5 MILLION CASH PAYMENT AS FURTHER CONSIDERATION

Source text: ID:nGNEb6cfJl

Further company coverage: DNO.OL


(Gdansk Newsroom)

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