DNO and Aker BP agree to swap Norwegian Sea assets

Group 1 - DNO has agreed to an asset swap with Aker BP, increasing its ownership in the Verdande oilfield from 10.5% to 14% as part of its strategy to optimize its Norwegian Continental Shelf holdings [1][5] - The transaction involves no cash payment and is subject to regulatory approval [1] - The Verdande field, operated by Equinor, is in advanced development with production scheduled to start in late 2025 [2] Group 2 - In exchange for the increased stake in Verdande, DNO will transfer its entire 28.9% interest in the Vilje field and a 9% interest in the Kveikje discovery, reducing its holding in Kveikje to 20% [3] - The agreement also includes DNO's interests in three exploration permits: PL1171, PL1175, and PL1204, with DNO's stakes in these permits being reduced [4] - DNO's stake in PL1171 will decrease from 50% to 34%, in PL1175 from 30% to 20%, and in PL1204 from 60% to 40% [4]