Experimental feature

Listen to this article

00:00
00:00
Experimental feature
or

DNO, the Kurdistan-focused oil producer listed in Oslo, is re-entering its homeland by acquiring an energy company with licenses in the North Sea.


The group has agreed to buy Origo, an oil and gas exploration company with stakes in licences in both the Norwegian and UK continental shelves.

The acquisition – the price of which was not disclosed in a statement issued on Thursday morning – follows a tumultuous few years for oil companies in the semi-autonomous Kurdistan region of Iraq, during which oil companies have struggled to secure regular payments in exchange for their crude exports from the local administration.

Copyright The Financial Times Limited 2017. All rights reserved.
myFT

Follow the topics mentioned in this article

Follow the authors of this article

Comments have not been enabled for this article.