Under a recently signed contract, the company will evaluate more than 120 wells across mature fields in an effort to optimize production.

DNO outbid Genel Energy for the deal, which Genel said it may challenge, according to a filing with the London Stock Exchange.

This paper illustrates a case study from a greenfield oil development in Sarawak that is planned for a fit-for-purpose development scope to create value and develop oil resources in a phased manner within 4 years of project framing.