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DNO ASA acquires Sval Energi for $450M

PRIVATEJun 12, 2025

Acquiring Company

DNO ASA

Acquired Company

Sval Energi

OsloStavangerEnergyOil And Gasoil & energyEnergyOil And Gas

Description

DNO ASA has completed the acquisition of Sval Energi Group AS for $450 million. This acquisition quadruples DNO's North Sea production and significantly increases its reserves. The combined assets position DNO for substantial growth in the North Sea. Halvor Engebretsen will lead the expanded operations.

Quick answer

DNO ASA is acquiring Sval Energi for $450 million, announced June 12, 2025. DNO ASA is based in Oslo, Oslo, Norway.

How much did DNO ASA pay for Sval Energi?
The reported deal value is $450 million.
What does DNO ASA do?
DNO ASA is an oil and gas company focused on exploration and production.
Where are DNO ASA and Sval Energi based?
DNO ASA is based in Oslo, Oslo, Norway. Sval Energi is based in Stavanger, Rogaland, Norway.
Who are the decision-makers at DNO ASA?
Fundz holds 2 contacts at DNO ASA. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

DNO ASA

Location

Oslo, Oslo, Norway

About

DNO ASA is an oil and gas company focused on exploration and production. It is actively involved in several oil fields, particularly in the North Sea. The company is known for its strategic acquisitions that enhance its market position. DNO aims to increase its production and reserves through these initiatives.

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Frequently asked

Who acquired Sval Energi?

Sval Energi was acquired by DNO ASA, based in Oslo. The deal was reported on June 12, 2025. DNO ASA is an oil and gas company focused on exploration and production. It is actively involved in several oil fields, particularly in the North Sea. DNO ASA is privately held and operates in Energy.

When did DNO ASA acquire Sval Energi?

DNO ASA's acquisition of Sval Energi was reported on June 12, 2025. DNO ASA has completed the acquisition of Sval Energi Group AS for $450 million. This acquisition quadruples DNO's North Sea production and significantly increases its reserves. The combined assets position DNO for substantial growth in the North Sea. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Sval Energi do?

Sval Energi is a Norwegian oil and gas company focused on exploring and developing energy resources in the North Sea. The company aims to contribute responsibly to energy transition through efficient operations and sustainability initiatives. It is privately held, operating in Energy, and is based in Stavanger.

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