DNO Completes Acquisition of Origo Exploration

Source: www.gulfoilandgas.com 6/29/2017, Location: Europe

DNO ASA, the Norwegian oil and gas operator, announced the completion of the acquisition of Origo Exploration Holding AS, a privately-held oil and gas exploration company with a focus offshore Norway and the United Kingdom.

The transaction has been approved by regulatory authorities in both Norway and the United Kingdom. Rebranded DNO Norge AS, the company is now a wholly-owned, Stavanger-based, subsidiary of DNO.

Following the acquisition, DNO returns to the North Sea with stakes in 11 exploration and appraisal licenses, of which seven are on the Norwegian Continental Shelf and four on the UK Continental Shelf.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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