DNO Divests Non-Core Interests, Continues to Build Financial Muscle
DNO ASA has agreed to transfer selected non-core license interests in the North Sea to Equinor Energy AS in exchange for a significantly reduced decommissioning deposit. The transaction improves DNO's near-term liquidity by more than USD 35 million while allowing the company to retain stakes in key discoveries and remain on track to raise North Sea production to 100,000 barrels of oil equivalent per day by 2030.