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Share: Oslo, 11 February 2021 – DNO ASA, the Norwegian oil and gas operator, today reported interim 2020 revenues of USD 615 million, down a third from a year earlier in the wake of weak oil prices triggered by the pandemic and global economic contraction. Net production totaled 95,100 barrels of oil equivalent per day (boepd), down nine percent, as the Company cut spending to preserve cash. For the full year, DNO reported a net loss of USD 286 million driven by the lower revenues and pre-tax asset impairments of USD 276 million, most of which were reported in the third quarter. With solid...

DNO ASA: DNO Reports 2020 Results; Guides on 2021 Activity Oslo, 11 February 2021 - DNO ASA, the Norwegian oil and gas operator, today reported interim 2020 revenues of USD 615 million, down a third from a year earlier in the wake of weak oil prices triggered by the pandemic and global economic contraction. Net production totaled 95,100 barrels of oil equivalent per day (boepd), down nine percent, as the Company cut spending to preserve cash. For the full year, DNO reported a net loss of USD 286 million driven by the lower revenues and pre-tax asset impairments of USD 276 million, most of whi...