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    Dno

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    ShakerMahmood
    DNO is a Norwegian oil and gas company focused on the Middle East and North Africa. It holds stakes in oil and gas exploration, development and production licenses in the Kurdistan region of Iraq, Yemen, Oman, UAE, Tunisia and Somaliland. In Kurdistan, DNO operates three licenses - Tawke, Dohuk and Erbil - and was one of the first international oil companies to enter the region in 2004. The document provides details on DNO's operations, history organized into three growth cycles, and address for its Erbil office in the Kurdistan region of Iraq.

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    Dno

    Uploaded by

    ShakerMahmood
    188 views4 pages
    DNO is a Norwegian oil and gas company focused on the Middle East and North Africa. It holds stakes in oil and gas exploration, development and production licenses in the Kurdistan region of Iraq, Yemen, Oman, UAE, Tunisia and Somaliland. In Kurdistan, DNO operates three licenses - Tawke, Dohuk and Erbil - and was one of the first international oil companies to enter the region in 2004. The document provides details on DNO's operations, history organized into three growth cycles, and address for its Erbil office in the Kurdistan region of Iraq.

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    DNO is a Norwegian oil and gas company focused on the Middle East and North Africa. It holds stakes in oil and gas exploration, development and production licenses in the Kurdistan region of Iraq, Yemen, Oman, UAE, Tunisia and Somaliland. In Kurdistan, DNO operates three licenses - Tawke, Dohuk and Erbil - and was one of the first international oil companies to enter the region in 2004. The document provides details on DNO's operations, history organized into three growth cycles, and address for its Erbil office in the Kurdistan region of Iraq.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    188 views4 pages

    Dno

    Uploaded by

    ShakerMahmood
    DNO is a Norwegian oil and gas company focused on the Middle East and North Africa. It holds stakes in oil and gas exploration, development and production licenses in the Kurdistan region of Iraq, Yemen, Oman, UAE, Tunisia and Somaliland. In Kurdistan, DNO operates three licenses - Tawke, Dohuk and Erbil - and was one of the first international oil companies to enter the region in 2004. The document provides details on DNO's operations, history organized into three growth cycles, and address for its Erbil office in the Kurdistan region of Iraq.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    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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