DNO ASA - October production of 23,863 barrels per day

Oil production for the individual geographical units for October and for the period January through October was as follows (barrels per day):
                                   
 
October
Jan - Oct
UK
8,089
8,751
NORWAY
5,278
5,787
YEMEN
10,496
12,550
IN ALL
23,863
27,088
 
 
The decline in production from Yemen from September is in keeping with the expected development in production from the company's interests in the Tasour and Sharyoof fields. As announced in a stock exchange notice on 30 October 2003, a new well in the western extension of the Tasour field came onstream at the end of the month at an initial rate of approximately 6,000 barrels of oil per day (of which DNO's share is 2,460 barrels per day - before tax). Provided that no unforeseen events occur, oil production from the Tasour field is expected to increase in November. A new production well has been spudded in Sharyoof, with start of production anticipated in the course of December.
 
The increase in the company's oil production from the Norwegian shelf compared with September is due to production at the Jotun field now being back to normal after the maintenance shutdown.
 
 Oil production from the UK shelf increased marginally compared with September, because of slightly higher production from the Thistle field.
 
 
DNO ASA
17 November 2003
 
For further information, please contact:
 
Helge Eide
Group Managing Director
Telephone: (+47) 55 22 47 00 / (+47) 23 23 84 80