Deal Insight
DNO acquires Faroe Petroleum in North Sea expansion
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
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.
Table of contents
- Executive summary
- Transaction details
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Upstream assets
- Norway
- The UK
- Ireland
- The Netherlands
- Deal analysis
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
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Executive summary: Table 1Deal analysis: Table 1Deal analysis: Table 2
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Deal analysis: Table 3Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2Upstream assets: Table 1
What's included
This report contains:
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