DNO's Strategic Expansion: 13 New Exploration Licenses Awarded

DNO's Strategic Expansion with New Exploration Licenses

DNO ASA, a recognized leader in the oil and gas sector, has successfully secured a notable achievement: the awarding of participation in 13 exploration licenses in Norway. This momentous event, stemming from the APA 2024 licensing round, highlights DNO's robust growth in the energy sector.

Overview of New Licenses and Opportunities

The 13 licenses awarded to DNO's subsidiary, DNO Norge AS, include both operatorships and ownership share arrangements. Out of these licenses, four are designated as operatorships, showcasing DNO's integral role in driving forward exploration efforts in Norwegian waters.

Among the newly secured licenses, the focus is primarily on the North Sea and Norwegian Sea, where 10 licenses are located in the North Sea and three in the Norwegian Sea. This geographical positioning not only expands DNO's operating landscape but also bolsters its competitiveness in the region.

Detailed Breakdown of the Newly Awarded Licenses

The specific licenses awarded to DNO include a diverse range of partnerships and operatorships:

• PL147B: DNO Norge AS (operator, 50 percent), partnered with Sval Energi AS.
• PL1151B: Harbour Energy Norge (operator), with DNO Norge AS holding a 20 percent stake.
• PL1175B: DNO Norge AS (30 percent) collaborating with Aker BP ASA (operator).
• PL1198B: Aker BP ASA (operator), with DNO holding a 20 percent stake.
• PL1204BS: DNO Norge AS holding a significant 60 percent as operator in collaboration with Equinor Energy AS.
• PL1244: Aker BP ASA (operator), while DNO holds a 60 percent stake.
• PL1245: DNO Norge AS (30 percent) in partnership with Aker BP ASA (operator).
• PL1251: DNO Norge AS as operator with a 50 percent stake along with Concedo AS.
• PL1255: Wellesley Petroleum AS (operator), with DNO Norge AS also involved.
• PL1258: Petrolia NOCO AS (operator) with DNO holding a significant 40 percent stake.
• PL1270: Sval Energi AS (operator) alongside DNO Norge AS (50 percent).
• PL1271S: Aker BP ASA (operator) with DNO Norge AS (25 percent) as an integral partner.
• PL1273: Petrolia NOCO AS as the operator with DNO Norge AS holding a 40 percent share.

Strengthening Presence and Future Outlook

Following the new awards, DNO's portfolio now boasts interests in 84 licenses offshore Norway, with 17 of these operated by the company itself. This notable increase reflects DNO's commitment to growth and exploration, positioning the company optimally for future endeavors.

DNO ASA is not only focused on its Norwegian operations; the company maintains a strong presence in various global regions, including the Middle East, West Africa, and aspects of the North Sea. Founded in 1971, DNO ASA is listed on the Oslo Stock Exchange and has developed a diverse portfolio encompassing multiple projects at different development stages.

Commitment to Sustainable Practices

In addition to expanding its operational reach, DNO emphasizes its commitment to sustainability within its exploration activities. The company recognizes the importance of balancing energy development with environmental considerations, investing in practices that ensure responsible exploration and production.

Contact Information for Media and Investors

For those seeking more information regarding DNO's latest ventures and operational strategies, the company encourages reaching out through the provided contact channels:

Media: media@dno.no
Investors: investor.relations@dno.no

Frequently Asked Questions

What licenses did DNO acquire in 2024?

DNO acquired 13 exploration licenses in the APA 2024 licensing round, including four operatorships.

How many licenses does DNO hold in total as of now?

DNO now holds interests in 84 licenses offshore Norway.

What regions are included in DNO's new licenses?

10 of the licenses are in the North Sea and three are in the Norwegian Sea.

What is the significance of DNO's operatorships?

The operatorships allow DNO to lead exploration efforts, enhancing its operational flexibility and resource management.

How does DNO ensure sustainability in its operations?

DNO is committed to implementing sustainable practices that balance energy production with environmental protection.

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