DNO and Aker BP swap assets to streamline Norwegian Continental Shelf portfolios

DNO ASA announced a multi-asset swap with Aker BP ASA, streamlining its Norwegian Continental Shelf portfolio without cash consideration. The transaction aligns with DNO's strategy to highgrade its North Sea assets following the June 2025 acquisition of Sval Energi AS.

Under the agreement, DNO increases its stake in the Verdande field, located in a core area (Norne in the Norwegian Sea), from 10.5% to 14%. Verdande is currently under advanced development and scheduled to begin production later this year.

In exchange, DNO transfers its 28.9% interest in the non-core Vilje field, its 29% interest in the Kveikje discovery (reduced to 20%), and interests in three exploration permits (PL1171, PL1175, PL1204) to Aker BP. The deal is subject to authorities' approval.