DNO acquires additional stake in Norwegian Sea Berling field

DNO ASA has acquired an additional 10% stake in the Berling (previously Iris Hades) field development project from Sval Energi AS. Following the acquisition, DNO Norge AS holds a 30% interest in the 2018 gas and condensate discovery on Haltenbanken in the Norwegian Sea. Operator OMV (Norge) AS and Equinor Energy AS retain 30% and 40% interests, respectively. Sval Energi will own no interest in the project.

The partnership expects to submit a plan for development and operation (PDO) to the Ministry of Petroleum and Energy before the end of December with a recommendation that Berling field be developed as a subsea tieback to the Equinor-operated Åsgard B platform 20 km away. Berling field stretches across three licenses with aligned ownership interests (PL644, PL644B, and PL644C).