DNO plans 20 Kurdistan wells, acquires Faroe

DNO ASA, Oslo, plans to drill as many as 20 exploration and production wells in the Kurdistan region of Iraq this year as it expands in Norway through acquisition. Spending more than 40% above the 2018 level of $300 million, the company will drill 14 wells in Kurdistan’s Tawke field, 4 at Peshkabir, and 2 on the Baeshiqa license. The company also plans five wells in Norway.


Source: News