DNO Awarded 17 Licenses in Norway as It Keeps Up Pace of Exploration and Development

Core Insights - DNO ASA has been awarded participation in 17 exploration licenses, including four operatorships, under Norway's APA 2025 licensing round, with 15 licenses in the North Sea and two in the Norwegian Sea [1][3]. Company Achievements - DNO has achieved a commercial success rate of over 50% in its exploration program in Norway over the last three years, with 12 discoveries out of 22 wells drilled [3]. - The company is currently developing four fields in Norway and has initiated a fast-track project for its 2025 Kjøttkake discovery, aiming for first oil in early 2028 [3]. License Details - The awarded licenses include significant interests in high-quality acreage, with DNO holding various stakes in multiple operatorships [2][5]. - Prior to the latest awards, DNO held interests in 124 licenses offshore Norway, which included 30 producing oil and gas fields [4]. Company Background - DNO ASA is Norway's oldest oil company, founded in 1971, and was the first to list on the Oslo Stock Exchange in 1981. The company operates in the Middle East, North Sea, and West Africa [6].