Name: DNO acquires Faroe Petroleum in North Sea expansion
Brand: Wood Mackenzie
SKU: 102608
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Author: Wood Mackenzie

Deal Insight 11 January 2019

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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On 9 January 2019, London-listed Faroe Petroleum plc recommended to its shareholders that they accept the latest takeover bid from Norwegian based DNO ASA. This follows a process that has been ongoing since November 2018. The deal marks a watershed moment for DNO in its journey to becoming a full cycle Norwegian E&P company. It offers the Norwegian listed entity a growth focused North Sea position in the near-term, with healthy upsides ranging from its large exploration acreage portfolio and pre-FID Iris-Hades discovery (210 mmboe). Faroe Petroleum has had a rich history in the North Sea. It has grown into one of the leading independent E&P companies and will be disappointed not to continue its journey.</div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

<li class="list__item-toggle font-semibold">
        Executive summary
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        Transaction details
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            Upstream assets
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        Ireland
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        The Netherlands
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        Deal analysis
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        Upsides and risks
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        Strategic rationale
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        Oil & gas pricing and assumptions
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         <li class="list__item push-quarter--bottom">Executive summary: Table 1</li><li class="list__item push-quarter--bottom">Deal analysis: Table 1</li><li class="list__item push-quarter--bottom">Deal analysis: Table 2</li>
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            <li class="list__item push-quarter--bottom">Deal analysis: Table 3</li><li class="list__item push-quarter--bottom">Oil & gas pricing and assumptions: Table 1</li><li class="list__item push-quarter--bottom">Oil & gas pricing and assumptions: Table 2</li><li class="list__item push-quarter--bottom">Upstream assets: Table 1</li>
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<p class="font-regular" >DNO acquires Faroe Petroleum in North Sea expansion</p>
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