DNO ASA reports Q3 2026 production and asset transaction updates

DNO ASA has released its Q3 2026 trading update, providing details on production volumes, sales, and realized prices across its operating regions.

In the North Sea, net production reached 85,364 boepd, while Kurdistan production saw a significant increase to 54,914 boepd compared to 273 boepd in Q2 2026. West Africa production was reported at 2,488 boepd.

The company also confirmed the completion of a multi-asset transaction with Vår Energi ASA on September 30. Through this deal, DNO acquired a five percent interest in the Gjøa field and Gjøa Nord discovery in exchange for interests in Nova and Ringhorne Nord, resulting in net cash proceeds of USD 20.3 million.

Additionally, drilling activities at the Symra field led to a post-drill estimate of 8-15 million barrels of oil equivalent, increasing estimated recoverable volumes for the field by up to 25 percent.