DNO Awarded Operated Blocks in UK Offshore Licensing Round
October 30 2023 - 2:50AM
DNO Awarded Operated Blocks in UK Offshore Licensing Round
Oslo, 30 October 2023 – DNO ASA, the Norwegian oil and gas
operator, today announced that its wholly-owned subsidiary DNO
North Sea (U.K.) Limited has been awarded a 50 percent operated
interest in Blocks 9/9f, 9/10c, 9/14c and 9/15d in United Kingdom’s
33rd Offshore Licensing Round. Aker BP UK Limited will hold the
remaining 50 percent in the licensed area.
The area is located adjacent to the Norwegian border and just
west of the Aker BP operated Alvheim hub on the Norwegian
Continental Shelf. The area also comprises the Agar discovery from
2018, in which the Company held a 25 percent interest until it was
relinquished in 2020.
The technical work associated with the area will involve
acquiring additional 3D seismic and potentially reprocessing the
data to reduce risk and volume uncertainty. The first phase will
have a duration of up to two years after which a decision on
committing to a well will be made.
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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 §5-12 of the Norwegian Securities Trading Act and the
EU Market Abuse Regulation.
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