Norway’s DNO signs development deal for western Iran

Norwegian operator DNO ASA has signed a memorandum of understanding with National Iranian Oil Co. to conduct a development study for Changuleh oil field. The field—which was discovered in 1999 but yet to be developed—is thought to contain more than 2 billion bbl of oil in place.

DNO managing director Bjorn Dale cited the operator’s fractured carbonate reservoir experience in the Kurdistan region of Iraq as an easily applied “low-cost, fast-track development stategy” for the region.

DNO has established wholly owned subsidiary DNO Iran AS in preparations to increase its presence in Iran.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Shell Leverages Data to Transform from Reactive to Predictive Operations

This 6-page report describes how Shell engaged in a massive project with OSIsoft to transform the...

Selection, Use, Care and Maintenance of FR Clothing

For industries operating in an inherently dangerous environment, the importance of selecting the ...

Evolution or Revolution: IT / OT convergence means a world of possibilities

The oil and gas industry is experiencing a rapid paradigm shift in regards to digital transformat...

Predict, Prescribe, Profit: Creating a World that Doesn't Break Down

What are you doing to reduce unplanned downtime at your plant? Equipment breakdowns and process i...