DNO Reports Payment for Tawke Deliveries
(Thomson Reuters ONE) -
Oslo, 2 November 2016 - DNO ASA, the Norwegian oil and gas operator, today
reported receipt of USD 31.33 million from the Kurdistan Regional Government as
payment towards August crude oil deliveries to the export market from the Tawke
field.
The funds, to be shared pro-rata by DNO and partner Genel Energy plc, include
USD 26.27 million toward the monthly entitlement for August deliveries and USD
5.05 million toward the recovery of outstanding receivables for past deliveries.
Tawke production in August averaged 96,709 barrels of oil per day (bopd), of
which 96,528 bopd was delivered for export through Turkey. This was down from
July production levels of 117,992 bopd due to pipeline closures in Turkey and
scheduled field facilities maintenance.
Tawke production during the third quarter averaged 109,159 bopd, of which
108,759 bopd was delivered for export through Turkey.
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For further information, please contact:
Media: media(at)dno.no
Investors: investor.relations(at)dno.no
Tel: +47 911 57 197
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DNO ASA is a Norwegian oil and gas operator focused on the Middle East and North
Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the company holds
stakes in onshore and offshore licenses at various stages of exploration,
development and production in the Kurdistan region of Iraq, Yemen, Oman, the
United Arab Emirates, Tunisia and Somaliland.
--
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: DNO ASA via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 02.11.2016 - 08:01 Uhr
Sprache: Deutsch
News-ID 504315
Anzahl Zeichen: 2118
contact information:
Town:
Oslo
Kategorie:
Business News
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"DNO Reports Payment for Tawke Deliveries"
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