Brasse, Now Bestla, Brage's Grandma, to Tie Up with Brage as Partners Approve Field Development [Yahoo! Finance]
DNO ASA UNSP/ADR (DTNOY)
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Source: Yahoo! Finance
of the Brasse field, to be renamed Bestla, based on a tie-back to the nearby production facilities of the Brage field. Bestla is Brage's grandmother in Norse mythology. By long-standing practice, all Norwegian oil and gas fields carry Norse, Nordic or Norwegian names. Bestla (PL740), located in the northern North Sea, is estimated to contain 24 million barrels of oil equivalent (MMboe) in recoverable reserves and is expected to come on stream as early as the first half of 2027, subject to government approval of a plan for development and operation (PDO) to be submitted later this month. In addition to DNO Norge AS (39.3 percent), the Bestla partnership includes OKEA ASA (39.3 percent) as operator, Lime Petroleum AS (17 percent) and M Vest Energy AS (4.4 percent). All four companies are partners in Brage (DNO 14.2567 percent) which is also operated by OKEA; this alignment of interests and a common operator have helped speed up studies and decisions on the best way forward. Discov
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