DNO Continues to Highgrade North Sea Portfolio
Norway, Nov. 18 -- DNO ASA, the Norwegian oil and gas operator, announced the divestment of its 7.604 percent stake in the Ekofisk Previously Produced Fields (PPF) project in license PL018B and PL018F on the Norwegian Continental Shelf to Orlen Upstream Norway AS.DNO also announced the acquisition from Orlen of a 20 percent interest in license PL1135, which contains the Cassio prospect, as well as a 0.8272 percent interest in the Verdande field. DNO will retain its 7.604 percent in PL018 containing the producing fields Ekofisk, Eldfisk and Embla as well as a share in the Tor Unit.The acquisition of additional interests in Verdande brings DNO's total interest in the Verdande Unit containing five licenses to 14.8251 percent, including 3.5 per...
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