DNO ASA Raises $1.6 Billion: Fueling a Global Energy Expansion Era

DNO ASA is proud to announce a significant milestone in its journey of growth and innovation with the successful raise of 1,600,000,000 NOK in new funding. As a long-standing Norwegian oil and gas operator with roots dating back to 1971 and a respected presence on the Oslo Stock Exchange, DNO ASA continues to expand its operations and reinforce its commitment to excellence across multiple regions. The newly acquired funds will serve as a catalyst for bolstering the Company’s ongoing efforts in exploration, development, and production, with a strategic focus on its diverse portfolio spanning the Middle East, the North Sea, and West Africa. This funding round not only underscores the strong investor confidence in DNO ASA's proven track record—demonstrated by successful stakes in active onshore and offshore licenses—but also sets the stage for enhanced technological advancements and operational efficiency across key areas of interest. The diverse portfolio includes critical exploration and development projects in regions such as the Kurdistan region of Iraq, Norway, the United Kingdom, Côte d’Ivoire, the Netherlands, and Yemen. With a deep commitment to responsible resource development and sustainable practices, DNO ASA is poised to unlock new opportunities that drive both regional growth and shareholder value. The infusion of capital will enable the Company to further optimize its operational rigour, pursue technological innovations, and fortify its competitive position in an increasingly dynamic global energy landscape. This funding announcement marks an empowering new chapter for DNO ASA as it embraces both current challenges and the promise of future growth, thereby ensuring sustained excellence in the global oil and gas industry.