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Norway: Sval Energi continues to grow through the acquisition of Edison Norge
04 Jan 2021
Sval Energi has signed an agreement to acquire
Edison Norge. The transaction will increase the reserve base of Sval, adding net 25 mmboe (with 57% gas) in line with the company’s growth ambition.
Sval’s portfolio will be enhanced by the development asset
Dvalin (10%) and by increasing its holding in the
Nova development from 10% to 25%. Dvalin is a subsea tie-back to Heidrun and will export the gas through the Polarled pipeline, where Sval holds an interest, and Nova is a tie-back to Gjøa. Both assets are low-emission development projects.