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University of Zakho

College of Engineering
Department of Petroleum Engineering

Summery about DNO Company


Prepared By
Yasir Ammar Ahmed
3rd Stage / Class 2
2015-2016

Delivery Date: 4 / 5 / 2016


1

DNO is a Norwegian oil and gas operator focused on the


Middle East and North Africa. Founded in 1971 and listed on
the Oslo Stock Exchange, the company holds stakes in
onshore and offshore licenses at various stages of
exploration, development and production in the Kurdistan
region of Iraq, Yemen, Oman, the United Arab Emirates,
Tunisia and Somaliland.
DNO entered Kurdistan in 2004 as one of the first
international oil companies in the region and has a leading
position in reserves and production.
License

Type

Status

Participating

Operator

Partners

DNO

Genel Energy

interest
Tawke PSC

Onshore

Exploration

Oil

Appraisal

55%

International Ltd.

Development
Production

Kurdistan Regional
Government (KRG)
Genel Energy

Dohuk

Onshore

Appraisal

PSC

Oil/Gas

Development

40%

DNO

International Ltd.

Production
Erbil PSC

Onshore

Appraisal

Oil

Development

40%

Production

DNO

KRG
Gas Plus Erbil Ltd.
KRG

DNO ERBIL OFFICE


About DNO
DNO International is an entrepreneurial independent E&P
company, geographically focused on the Middle East and
North Africa with operations in Yemen, the Kurdistan region
of Iraq, Tunisia, Oman and Ras Al Khaimah. The group is
headquartered in Oslo and listed on the Oslo Stock
Exchange.
DNO explores for oil and natural gas in frontier areas and in
regions with established oil and natural gas production and
infrastructure. Our growth comes through smart exploration,
cost effective and fast track development, efficient operating
techniques and strategic acquisitions
Growth in Cycles
First cycle from 1996 until divestment of UK and NCS assets
in 2003, realized and returned values to shareholders
Second cycle from 2003 with exploration focused strategy
Restructured NCS in 2007, initiating the third cycle.
First cycle
DNO capitalized on its strong position in the UK and
Norwegian sectors of the North Sea, where its strategy had
been to focus on the development of small oil fields and
increasing the recovery rates from mature fields. In 2004,
DNO completed the sale of its UK Company and some of its
Norwegian assets to Lundin Petroleum for NOK 1.7 billion,
returning significant dividend payments to shareholders in
2004-2005.
Second cycle

The focus shifted in 2003 to an exploration led strategy,


which delivered significant reserves at low cost in Yemen and
Kurdistan. Cash flow from high margin production in Yemen
funded a significant part of the investments. DNO
restructured its activities on the NCS, which generated a net
gain of NOK 871 million to DNO.

Det norske oljeselskap


In November 2007, DNO decided to combine the activities in
the North Sea with Pertra ASA (now renamed to Det norske
oljeselskap ASA, DETNOR") creating the second largest
Norwegian oil and gas company. The activities outside of the
Norwegian Continental Shelf carry on within DNO
International ASA.
Third cycle
The third cycle is building on our strong position in low cost,
high potential areas and increased production capacity from
a large developed reserve base.Increased production
combined with a favorable debt structure will form the basis
for future growth, both organically and through active
participation in consolidation opportunities.
Address :Ankawa, Erbil, Kurdistan
Telephone : +47 22 01 56 67
Website: www.dno.no

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