Norwegian Oil Firm DNO Says Keen on Iran Entry

Reuters

OSLO, Aug 20 (Reuters) – Norway's DNO ASA, which has operations across the Middle East, would like to do business in Iran if sanctions against the country are lifted as planned, the energy company said on Thursday.

Oslo-listed DNO has its biggest operation in Iraqi Kurdistan, where it produced about 153,000 barrels of oil per day in the second quarter. It is also present in Oman, Yemen, Somaliland, Tunisia and the United Arab Emirates.

"Iran offers interesting opportunities at such time as international sanctions are removed," the company said. "DNO (is) uniquely well placed as it operates oil and gas projects, both onshore and offshore, in three neighbouring countries with specific synergies and opportunities."

The firm's technology and experience could be relevant to increase output from Iran's existing fields and for developing new ones, it said.

DNO reported a second-quarter net loss of $39.9 million versus a profit of $44.4 million a year earlier.

Revenue of $54.8 million topped the $49 million expected by analysts polled by Reuters.

(Reporting by Terje Solsvik; editing by Jason Neely)

 

Copyright 2017 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Project Business Analyst
Expertise: Project Management
Location: Houston, TX
 
United States Houston: Senior Production Group Leader
Expertise: Logistics Management|Manufacturing Engineering|Supply Chain Management
Location: Houston, TX
 
US Houston: Attorney (Environmental Law)
Expertise: Environmental Engineer|Legal
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $52.42/BBL 2.12%
Light Crude Oil : $49.51/BBL 2.35%
Natural Gas : $3.17/MMBtu 2.25%
Updated in last 24 hours