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DNO Closes Acquisition of Sval Energi for $450MM

Rigzone

Sval Energi has non-operated interests in 16 producing fields offshore Norway, with net production of 64,100 boepd in 2024, and 141 million boe in net 2P reserves and 102 million boe of net 2C resources. DNO noted that it has four development wells and one exploration well planned in the period through 2026.

Energy 67
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Oman Signs EPSA with OQEP, Genel Energy to Boost Hydrocarbons in Block 54

Egypt Oil & Gas

The initial phase of the agreement, set to last three years with investments reaching up to $25 million, will include the execution of advanced 3D seismic surveys, the drilling of new exploration wells, and the re-evaluation of existing wells.

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Var Energi Makes Gas, Condensate Find Offshore Norway

Rigzone

Image by momnoi via iStock Var Energi announced, in a statement posted on its website, that it has made a new “commercial” gas and condensate discovery in the Vidsyn exploration well, which is situated near the Var Energi operated Fenja field in the Norwegian Sea.