DNO ASA
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| ' | |
| Type | Public |
|---|---|
| Founded | 1971 |
| Headquarters | Oslo, Norway |
| Key people | Helge Eide (CEO) |
| Industry | Petroleum |
| Revenue |  NOK 1 791 million (2005) |
| Operating income | NOK 1 030 million (2005) |
| Employees | 29 (2006) |
| Website | http://www.dno.no |
DNO ASA (OSE: DNO) originally Det norske oljeselskap is Norways fourth largest petroleum company with upstream operations in the North Sea, Middle East and Africa. The company has its headquarters in Oslo, Norway and is listed on the Oslo Stock Exchange.
Contents |
[edit] Operations
[edit] Norway
In Norway DNO has partial ownership in
| Licence | Blocks | Field | Type | Ownership | Operator | Depth |
|---|---|---|---|---|---|---|
| PL 001B/242 | 16/1 | 35% | DNO | 110 m | ||
| PL 028B | 25/10 | 35% | DNO | 115 m | ||
| PL 029 | 15/6 | 20% | ExxonMobil | 110 m | ||
| PL 048B and 048D | 15/5 and 15/6 | Glitne and Enoch | Oil | 10% | Statoil | |
| PL 143CS | 35% | |||||
| PL 229 | 7122/7,8,9,10 and 7123/7 | Goliat | Natural Gas | 15% | Eni | 380 m |
| PL 263 and 263B | 6507/10 and 11 | Natural Gas | 30% | Norsk Hydro | 290 m | |
| PL 265 | 16/2 and 3 | 30% | Statoil | 113 m | ||
| PL 272 and 035 | 35/11 | 25% | Norsk Hydro | 110 m | ||
| PL 305/305B and 341 | 25/7 and 24/9 | 25% | DNO | 120 m | ||
| PL 332 | 7/4 (part) and 7/5 | 30% | Talisman Energy | 83 m | ||
| PL 334 | 2/2 | 20% | Talisman Energy | 63 m | ||
| PL 356 | 50% | DNO | ||||
| PL 369 | 20% | |||||
| PL 380 | 30% | |||||
| PL 383 | 50% | DNO | ||||
| PL 387 | 30% |
[edit] United Kingdom
In the United Kingdom DNO has a 60% working interest and is operator of block 211/22B.
[edit] Iraq
In Iraq DNO has agreements to conduct exploration in Northern Iraq.
[edit] Yemen
In Yemen DNO has the following interests:
| Block | Name | Ownership | Operator |
|---|---|---|---|
| Block 32 | Tassour | 38.95% | DNO |
| Block 43 | Nabrajah | 56.67% | DNO |
| Block 44 | 65.10% | DNO | |
| Block 53 | Sharyoof | 24.85% | Dove Energy |
| Block 72 | 30.60 | DNO |
[edit] Mozambique
In Mozambique DNO has a 80% ownership and is operator of the Inhaminga Block.
[edit] Equatorial Guinea
In Equatorial Guinea DNO has a 5% ownership in Block P, operated by Ocean.
[edit] History
DNO was founded in 1971 and was the first Norwegian oil company to be listed on Oslo Stock Exchange. In 1974 the company receives its first revenue though its interest in the Heather field on the British continental shelf. Along with Norsk Hydro, Saga Petroleum and Statoil DNO is one of four Norwegian companies to be awarded licences on the Norwegian continental shelf. In 1997 DNO acquires the entire Heather field and becomes operator and a year later DNO entered Yemen. In 2000 DNO reentered the Norwegian sector, acquireing permission to be operator of fields in 2002. In 2003 DNO sold it's British licences to Swedish Lundin Petroleum. This was part of a new strategy of selling mature fields in Norway and Britain and going more into exploration.
Acergy • Aker • Aker Kværner • Awilco Offshore • DnB NOR • DNO • Fred. Olsen Energy • Frontline • Norske Skog •
Norsk Hydro • Ocean Rig • Orkla • Pan Fish • Petroleum Geo-Services • Prosafe • SeaDrill • Statoil • Storebrand •
Subsea 7 • Tandberg • Tandberg Television • Telenor • TGS-NOPEC • Tomra • Yara
See also: Companies listed on the Oslo Stock Exchange
