DNO is not your typical oil company. Based in Oslo, our focus is the Middle East and North Africa (MENA), home to some of the world’s most attractive oil and gas real estate. By tapping into our Norwegian heritage and leveraging our strong regional footprint, DNO has proven itself a nimble operator, even in challenging environments.
Present in the MENA region since 1998, we are uniquely positioned to identify and capture opportunities when they arise. Today, we have a diversified portfolio, which includes producing assets in Kurdistan and Oman, plus exploration assets in Tunisia, Somaliland and the United Arab Emirates.
DNO has an active exploration mindset. We look to minimize risk and maximize success through selective and targeted drilling. Our core competency lies in the fractured carbonate plays that are characteristic of the MENA region, including how to find and develop these reservoirs in the most cost-efficient and timely manner.
At our flagship Tawke oil field in Kurdistan, we began production in 2007 – just two years after the start of exploration activities. We are now the leading operator in terms of production and reserves in Kurdistan, one of the world’s last major hydrocarbon frontiers.
Primarily driven by Tawke, we achieved record output in 2015, with gross company production up 23 percent to 144,500 barrels of oil equivalent per day (boepd).
We operate nearly all of the licenses across our portfolio. Sitting in the driver's seat, we are better positioned to manage our portfolio and use our skills to optimize performance and deliver results.
DNO has among the lowest finding and development costs of any oil company anywhere in the world. Combined with low lifting costs, this gives us a significant competitive advantage, even in a weak oil price environment.
One of the success factors behind DNO’s fast-track development strategy is our agility and flexibility. The strength and competitive advantage of a company of our size is that we can adapt quickly to changing circumstances. We have one foot on the accelerator and one foot on the brake.