DNO swaps Nova stake for 5% interest in Vår-operated Gjøa field, gets USD 17.5 million cash

• DNO announced an asset swap with Vår Energi to gain a 5% stake in the Vår-operated Gjøa field and the Gjøa Nord discovery.
• The consideration includes transferring a 5% interest in the Nova field, cutting DNO’s Nova stake to 40% from 45%.
• DNO will divest its 15% stake in the Ringhorne Nord discovery in PL956 to Vår, exiting a non-core Central North Sea position.
• The deal includes a USD 17.5 million cash payment to DNO.
• DNO said the transaction is designed to strengthen its position around the Gjøa hub while keeping reserves and near-term output broadly unchanged.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DNO ASA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606180200OMX_____CNEWS_EN_GNW1001188328_en) on June 18, 2026, and is solely responsible for the information contained therein.