DNO Announces Management Transition
September 07 2023 - 1:32PM
DNO Announces Management Transition
Oslo, 7 September 2023 – DNO ASA, the Norwegian oil and gas
operator, today announced that Christopher Spencer has been
appointed Managing Director of the Company as Bjørn Dale steps down
as part of a planned management transition initiated last year.
Mr. Spencer has been DNO’s Chief Operating Officer since 2021.
Before joining DNO six years ago, he served as chief executive of
Rocksource ASA and in various commercial and technical roles at
Royal Dutch Shell and BP. He is a Chartered Engineer with the
Institution of Chemical Engineers in the United Kingdom.
Mr. Dale joined DNO in 2011 as a corporate lawyer prior to his
appointments as General Counsel and Managing Director. He will
continue to advise the Company on legal and commercial matters for
a period of six months following Mr. Spencer’s appointment
effective 8 September 2023.
“Chris will provide strong leadership as DNO builds up its
position in the North Sea even as he continues to be fully engaged
in driving our operations in the Kurdistan Region of Iraq and Côte
d’Ivoire,” said Executive Chairman Bijan Mossavar-Rahmani. “He is
not just hands-on, he is hands-in.”
DNO has participated in six discovery wells since 2021 offshore
Norway, adding a total of 100 million barrels of oil equivalent
(MMboe) net to DNO, of which 78 MMboe have been added so far this
year. The Company will push for early commercialization of these
discoveries.
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For further information, please
contact:Media: media@dno.noInvestors: investor.relations@dno.no
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DNO ASA is a Norwegian oil and gas operator active in the Middle
East, the North Sea and West Africa. Founded in 1971 and listed on
the Oslo Stock Exchange, the Company holds stakes in onshore and
offshore licenses at various stages of exploration, development and
production in the Kurdistan region of Iraq, Norway, the United
Kingdom, Côte d'Ivoire, Netherlands and Yemen.
This information is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading Act
and section 4.2.4 of Euronext Oslo Rulebook II.
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