Norwegian oil and gas operator, DNO ASA has announced the completion of its acquisition of Origo Exploration Holding AS, a privately-held oil and gas exploration company with a focus offshore Norway and the UK.
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The transaction has been approved by regulatory authorities in both Norway and the UK. 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.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/30062017/dno-acquires-origo-exploration/
