DNO Exits Oman

Norwegian oil and gas operator DNO said January 3 it has relinquished operatorship and participation in Oman Block 8.

DNO Oman Block 8, DNO’s local subsidiary, handed over operatorship and participation in Oman Block 8 to Oman's ministry of oil and gas and state-owned Oman Oil Company Exploration and Production (OOCEP).

"Since inception, Block 8 has produced 35mn barrels of oil and 285bn ft³ of gas, generating the Sultanate of Oman about $1bn in total revenues," said DNO's managing director Bjorn Dale during the handover ceremony.

Offshore Block 8, which contains the Bukha and West Bukha fields, produced an average of 4,458 boe/day during 2018, DNO said.

Effective January 4, Block 8 will be operated by the Musandam Oil and Gas Company, fully-owned by OOCEP.

DNO held a 50% interest in the licence alongside LG International, which held the remaining 50%.