DNO International

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Latest DNO International News

DNO international provides further update on the company's reserves
  • The revised figure for oil, an increase of 35 percent over the 31 December 2011 estimate, incorporates data from wells recently completed or underway at the Tawke field located in the Kurdistan region of Iraq.
  • DeGolyer and MacNaughton's 31 March 2012 estimate of Tawke's gross ultimate proved plus probable reserves is 771 million barrels versus 615 million barrels at 31 December 2011.
Friday, May 11, 2012

DNO announces successful completion and testing of Tawke-16 well in Kurdistan
  • DNO International has a strong commitment to build on its successes in the Kurdistan Region of Iraq by expanding the size and scale of its exploration, development and production operations.
Wednesday, March 21, 2012

DNO International reports Q4 and full year 2011 results - record production and revenues
  • The Company ended the year with a cash position of NOK 1,752 million.
Wednesday, February 15, 2012

DNO announces strong financial results in 2011
  • Operating revenue for Q4 2011 was around NOK 900 million and DNO expects to report full year 2011 operating revenue of around NOK 2 billion, up 65 per cent from the previous year and a record for the company.
Wednesday, February 08, 2012

DNO updates Kurdistan drilling activity
  • Norwegian company DNO has provided an update on its drilling activity in the Kurdistan region of Iraq.
Friday, February 03, 2012

DNO reports a working interest production of 42,183 bopd in December and 34,656 bopd in the fourth quarter 2011
  • DNO's working interest (WI) production from Yemen in December 2011 was 4,562 bopd and the NE production was 2,584 bopd. In the fourth quarter of 2011 DNO's WI production was 4,311 bopd and the NE production was 2,424 bopd.
Thursday, February 02, 2012

DNO updates on Kurdistan well operations
  • DNO's working interest production from Yemen in October 2011 was 3,986 bopd and the NE production was 2,222 bopd.
  • DNO's WI production from the Tawke Field in October 2011 was 26,649 bopd and 2011 YTD production from Kurdistan was 35,517 bopd.
Wednesday, December 07, 2011

DNO Awarded Tunisian licence
  • Permit covers an area of 2,064 km2
Monday, October 24, 2011

DNO Provides Market Update
  • Commences cash sales to Kurdistan local market
Monday, October 17, 2011

DNO Receives Second Payment From Kurdistan Towards Oil Exports
  • DNO International receives a second payment of USD 60 million from the Kurdistan Regional Government in respect of oil exports from the Tawke field operated by the Company in northern Iraq
  • A first payment of USD 103.7 million was received in June 2011
  • The Company had previously reported temporary reductions in production from the Tawke field to permit field performance evaluation
  • DNO has initiated efforts towards oil sales to regional refineries, a program that had been successfully implemented previously, but terminated when all production was earmarked for export in early February this year
Wednesday, September 21, 2011


DNO International Who's Who

Helge Eide
President and Executive Director
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Haakon Sandborg
Chief Financial Officer
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Roar Tessem
E & P Manager Northern Europe
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Magne Normann
Executive Vice-President
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Sven-Erik Lie
E&P Manager
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Ole Nygaard
Petroleum Engineering Manager
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Berge G. Larsen
Chairman of the Board of Directors
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Anders Farestveit
Vice-Chairman and Non-Executive Director
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Bjørge Gretland
Non-Executive Director
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Trygve Bruvik
Non-Executive Director
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DNO International Offices

Norway
Head Office
DNO International ASA
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United Arab Emirates (UAE)
DNO Middle East
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Mozambique
DNO Mozambique AS
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United Kingdom
DNO UK Limited
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Yemen
DNO Yemen AS
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