DNO International ASA ("DNO") is an entrepreneurial independent E&P company, geographically focused on the Middle East and North Africa with operations in Yemen, the Kurdistan region of Iraq, Tunisia, Oman and Ras Al Khaimah. The group is headquartered in Oslo and listed on the Oslo Stock Exchange.
DNO delivered record financial results in 2012, driven primarily by strong production performance at the Company’s assets in the Kurdistan region of Iraq, Oman and Yemen. During the period, we further consolidated our position as a leading operator in the Kurdistan region of Iraq and expanded gross production capacity at the world class Tawke field to 100,000 bopd. In Oman, we successfully drilled two new production wells that more than doubled daily output at the West Bukha field. In Yemen and Ras Al Khaimah we continued to make good progress with our ongoing production and development work programs.
The Company also recorded significant exploration and appraisal (E&A) drilling success in 2012 at its assets in the Kurdistan region of Iraq, helping grow net company working interest (CWI) 2P reserves to 520.3 MMboe at year-end.
DNO combines proven operational capabilities with a track record of delivery, financial strength and a strong regional identity. This puts DNO in an excellent position to capitalize on future organic and inorganic growth opportunities, and further establish itself as a leading Middle East and North Africa (MENA) focused independent exploration and production (E&P) company.