Polish company Orlen has further strengthened its presence in Norway's Greater Ekofisk area by acquiring a partner's stake in the Ekofisk Previously Produced Fields (PPF) project. The seller, DNO, agreed to divest its 7.604% interest in the PPF project, located in licences PL018B and PL018F, to Orlen Upstream Norway.

Orlen's Expanding Position

This transaction marks Orlen's second recent acquisition in the Greater Ekofisk area, following its purchase of a 20.23% interest in the Tommeliten Gamma field from TotalEnergies in early October.

Reciprocal Asset Swap

As part of the agreement, DNO has also acquired assets from Orlen. This includes a 20% interest in licence PL1135, which contains the Cassio exploration prospect scheduled to be drilled in late 2026, and a 0.8272% interest in the Verdande field, a development project expected to begin production later this year.

Strategic Rationale for DNO

DNO's executive chairman explained the company's strategic shift, stating the focus is on "increasing near-term cash flow with less spend and more barrels more quickly." He noted that while the Ekofisk PPF project involves redeveloping older, shut-in fields for a 2029 production start, DNO has chosen to deploy its capital towards its strengths in exploration and the rapid development of existing discoveries, rather than the significant capital expenditure required for the PPF project.

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