DNO completed the acquisition of Sval Energi from HitecVision for $450m.

DNO, a Norwegian oil and gas operator, completed the acquisition of Sval Energi, a Norwegian energy company, from HitecVision, a private equity group, for $450m. “The Sval Energi assets provided a rare opportunity to significantly upsize DNO’s North Sea operations and, of course, DNO itself. And we moved quickly to seal the deal,” Bijan Mossavar-Rahmani, DNO Executive Chairman.