Announced
Financials
Sources
Tags
oil fields
Private
United Kingdom
Acquisition
Minority
Cross Border
Pending
Friendly
Integrated Oil and Gas
Single Bidder
Synopsis
DNO, a Norwegian oil and gas operator, agreed to acquire a 25% stake in Arran field from ONE-Dyas, an oil and gas firm. Financial terms were not disclosed. “Arran fits neatly in our strategy of acquiring bolt-on producing assets as we develop our significant discoveries in Norway. The Company expects financial synergies between Arran and DNO’s existing position in the UK,” Chris Spencer, DNO Managing Director.
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