Large impairment inhibits growing sales at DNO

A quarter-billion-dollar impairment counteracts revenue development at Norwegian oil company DNO.

Photo: DNO PR

It isn't just the largest oil outfits in the North Sea that have reaped the fruits of higher oil and gas prices during the third quarter. The interim report of DNO is proof of that. The company is based in Norway but has interests in the Kurdistan region.

DNO reports a total net output of 92,000 barrels of oil equivalent per day – including 13,100 in the North Sea. And although that's in fact slightly below the 92,700 boepd reported for the preceding quarter, revenue has been raised by 38 percent to USD 253m when comparing the two periods.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs