DNO, Aker BP swap certain Norwegian Continental Shelf asset interests

In the no-cash deal, DNO would increase its stake in Verdande field and transfer its stake in Vilje field and interests in the Kveikje discovery and three exploration permits to Aker BP.

Nov. 5, 2025

Norwegian oil and gas operator DNO ASA and Aker BP ASA have arranged a swap of certain Norwegian Continental Shelf assets.

Through the deal, which is subject to authority approval and involves no cash, DNO would increase its stake in Equinor-operated Verdande field in the Norne area of the Norwegian Sea to 14% from its current 10.5%.

Verdande is currently in development and scheduled to start production later this year, the company said in a release Nov. 5.

In return, DNO will transfer its stake in Aker BP-operated Vilje field and interests in the Equinor-operated Kveikje discovery and three exploration permits to Aker BP.

In the release, DNO said the transaction is in line with its aim to high-grade its North Sea portfolio following the acquisition of Sval Energi AS in June 2025.