DNO
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Updates about global exploration and production activities and developments. -
Find could hold as much as 130 million BOE.
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The final investment decision for the 2016 discovery is expected to come in early 2024.
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The Carmen gas discovery offshore Norway was far bigger than expected and a short tieback away from production.
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DNO announced that it has brought its gas capture and injection program online in the Kurdistan region of Iraq. Already reaching the milestone of 1 Bcf of gas injected, the project is expected to reduce annual emissions from the company’s production by more than 300,000 tonnes of CO2 equivalent.
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In need of an exploration boost, Norway doled out a record 83 production licenses in mature areas of the Norwegian Continental Shelf to 33 firms.
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The deal gives Equinor an additional 7.5% ownership stake in the Njord redevelopment project and associated tiebacks in the Norwegian Sea, and potentially raises Faroe’s value in the midst of a hostile takeover attempt by DNO.
