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DNO Agrees North Sea Oil Offtake with Exxon Mobil and Shell, Unlocks Attractive Financing
Globenewswire· 2025-12-18 14:00
Oslo, 18 December 2025 – DNO ASA, the Norwegian oil and gas operator, today announced that it has placed its North Sea oil production with subsidiaries of Exxon Mobil Corporation and Shell plc effective 1 January 2026 and secured related offtake financing facilities for up to USD 410 million. The agreement with ExxonMobil Asia Pacific Pte. Ltd., covering around half of DNO's North Sea oil output, has a tenor of two years and a related revolving credit facility of up to USD 185 million. The agreement with S ...