DNO International Reports Record Output

DNO International ASA, the Norwegian oil and gas company, announced that gross production across its oil and gas portfolio has exceeded 100,000 barrels of oil equivalent (boe) per day for the first time, split two-thirds from the Kurdistan region of Iraq and the balance from Oman and Yemen. On a Company Working Interest (CWI) basis, DNO International's share is around 60,000 boe.

Production during the third quarter stood at 41,545 boe per day on a CWI basis, up from 36,773 boe per day in the third quarter 2011. The latest increases in production reflect resumption of exports from the Tawke field in Kurdistan as from August, the September resumption of production from the West Bukha field offshore Oman following pipeline repair work and the completion and tie-back in November of two new wells which have led to a more than doubling of production from Block 8.

Wells currently drilling across the portfolio are expected to add another 30,000 boe per day to gross production by the end of 2012.