DNO International
From Wikipedia, the free encyclopedia
| DNO International | |
|---|---|
 |
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| Type | Public |
| Founded | 1971 |
| Headquarters | Oslo, Norway |
| Key people | Helge Eide (President and managing director), Berge Larsen (Chairman of the board) |
| Industry | Petroleum |
| Revenue | NOK 1,320 million (2007)[1] |
| Operating income | ▲ NOK 492 million (2007)[1] |
| Employees | 500 (2007)[1] |
| Website | www.dno.no |
DNO International ASA (OSE: DNO), originally Det norske oljeselskap, DNO ASA prior to November 2007,[2] is Norway's 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% | StatoilHydro | |
| 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% | StatoilHydro | 290 m | |
| PL 265 | 16/2 and 3 | 30% | StatoilHydro | 113 m | ||
| PL 272 and 035 | 35/11 | 25% | StatoilHydro | 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 Northern-Iraq DNO has agreements to conduct exploration with the Kurdistan Regional Government (KRG).
[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 the Oslo Stock Exchange. In 1974 the company received its first revenue though its interest in the Heather field on the British continental shelf. Along with Norsk Hydro, Saga Petroleum and Statoil DNO was one of four Norwegian companies to be awarded licences on the Norwegian continental shelf. In 1997 DNO acquired the entire Heather field and became its operator. A year later DNO entered Yemen. In 2000 DNO re-entered the Norwegian sector and acquired permission to become an 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 of Britain focussing more on exploration.
[edit] References
- ^ a b c Full Year 2007. DNO. Retrieved on 2008-05-21.
- ^ Minutes of Extraordinary General Meeting. DNO (8 November 2007). Retrieved on 2008-05-21.
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