DNO is pulling out from its final Omani assets, located in the offshore Block 8 (DNO 50%, South Korea’s LG 50%), as it prepares to exit the Sultanate. The Norwegian firm confirmed in its 2017 Annual Report released 15 March that it has written down its Block 8 reserves to zero and “plans to relinquish the asset prior to expiry of the license on 3 January 2019.”
Once finalized, the move will end DNO’s presence in Oman, as it finalized relinquishing its Block 36 exploration asset in 2017. (CONTINUED - 676 WORDS)
