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Norwegian oil firm DNO buys Sval Energi for $1.6B, boosting North Sea production fourfold.
DNO, a Norwegian oil and gas company, will buy Sval Energi for $450 million, increasing its North Sea production fourfold to about 80,000 barrels of oil equivalent per day.
This will also boost DNO's global production by two-thirds and raise its reserves by 50%.
The deal, worth $1.6 billion, is expected to complete in mid-2025, pending regulatory approval.
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La petrolera noruega DNO compra Sval Energi por $1.6B, aumentando la producción del Mar del Norte por cuatro veces.