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DNO acquires Faroe Petroleum in North Sea expansion

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11 January 2019

DNO acquires Faroe Petroleum in North Sea expansion

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
    • Norway
    • The UK
    • Ireland
    • The Netherlands
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 7 images and tables including:

  • Executive summary: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Upstream assets: Table 1

What's included

This report contains:

  • Document

    DNO acquires Faroe Petroleum in North Sea expansion

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