DNO transfers non-core North Sea license stakes to Equinor for USD 35 million liquidity boost
EQNR•Production outlook unchanged
Reserves and output are unchanged, and DNO reiterated its target to raise North Sea production to 100,000 boepd by 2030.
Liquidity impact and asset details
The deal is expected to lift near-term liquidity by more than USD 35 million.
Assets include stakes in the Kveikje discovery, the Heisenberg discovery, and an exploration license containing the Romsås prospect.
DNO will fully exit Kveikje, retaining 20% in Heisenberg and 20% in PL1245.
DNO agrees North Sea license stake transfer
DNO agreed to transfer selected non-core North Sea license interests to Equinor in exchange for a lower decommissioning deposit.
