DNO Reports Payment for Tawke Deliveries

Source: www.gulfoilandgas.com 1/30/2017, Location: Middle East

DNO ASA, the Norwegian oil and gas operator, reported receipt of USD 8.41 million from the Kurdistan Regional Government as payment towards June 2016 crude oil deliveries to the export market from the Tawke field.

The payment completes settlement of the total invoiced amount for June 2016 of USD 38.41 million, for which a partial payment of USD 30.00 million was received in August 2016.

The funds are to be shared pro-rata by DNO and partner Genel Energy plc.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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