DNO’s vision is to remain a leading, growth-oriented exploration and production company seeking to deliver attractive returns to shareholders by finding and producing oil and gas at low cost and at an acceptable level of risk in a socially responsible and environmentally sensitive manner. To achieve this vision, our strategic priorities include:
- Increasing production through the development of our existing reserves base;
- Growing reserves and contingent resources through focused exploration and appraisal drilling;
- Pursuing a robust dividend policy;
- Fast-tracking the development of discoveries in the North Sea;
- Maintaining operational control, financial flexibility and the efficient allocation of capital in line with DNO’s full-cycle business model to deliver growth at a low unit cost;
- Encouraging an entrepreneurial culture and attracting the best talent in the industry;
- Pursuing materially accretive acquisitions;
- Recognizing our corporate governance responsibilities and commitments, upholding high standards of ethics and compliance with applicable legal and regulatory requirements, and managing risks to the business;
- Being a leader in health, safety, security and environmental best practices in our areas of operation; and
- Minimizing gas flaring and eliminating venting to conserve resources and control emissions.
Wherever we operate, we look to minimize risk and maximize success through smart exploration, and, when a discovery is made, fast-track production.
Done in a structured manner, successful exploration can be one of the most cost-efficient methods of delivering significant reserves growth and associated value creation. At DNO, we focus our efforts on areas where we have in-depth subsurface knowledge, playing to our technical and operational strengths. We benchmark each prospect so that capital deployed to exploration is only allocated to those opportunities that meet our technical, financial and strategic requirements. Looking ahead, we will continue to pursue opportunities in the North Sea, potentially complemented by selected targets in high potential basins in the Middle East and West Africa with the goal of rapidly transforming resources into reserves at a low unit cost.
DNO's DNA is to be first, fair and firm. We are driven to stay ahead of our competition – and ahead of the opportunities. We treat stakeholders fairly by adhering to high standards of governance, business conduct and corporate social responsibility. We meet our commitments efficiently and transparently and expect the same of our suppliers, contractors, partners and host governments.
We are agile. We are flexible. We are resilient. We are DNO.