DNO Inks Cooperation Document with NIOC

DNO Inks Cooperation Document with NIOC

Norwegian oil and gas operator DNO ASA inked a memorandum of Understanding with the National Iranian oil company (NIOC) on weekday to develop Iran's Changuleh oil field.

 in keeping with the cooperation document, DNO can conduct a study on development of the Changuleh oil field west of Iran.

The Changuleh field discovered in 1999 however ne'er developed. it's estimated to carry more than two Bbbl of oil-in-place.

DNO ASA has established a subsidiary, DNO Iran as increase presence in Iran.