DNO to Develop Iran’s Changuleh Oil Field

DNO ASA, the Norwegian oil and gas operator, today announced the signing of a memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) to conduct a study concerning the development of the Changuleh oil field in western Iran.

Changuleh, discovered in 1999 but never developed, is estimated to hold more than 2 billion barrels of oil-in-place.

DNO’s Managing Director Bjørn Dale (pictured) said:

“Iran presents an obvious and exciting next step in expanding DNO’s footprint in the region.

“Our low-cost, fast-track development strategy and our fractured carbonate reservoir experience in the Kurdistan region of Iraq can be easily applied and leveraged in Iran.”

The company has established a wholly owned subsidiary DNO Iran AS amid preparations to increase its presence in Iran.

DNO is already active in the neighbouring region of Iraqi Kurdistan.

(Source: DNO)

One Response to DNO to Develop Iran’s Changuleh Oil Field

  1. Adrian Hepworth 19th November 2016 at 9:39 am #

    Will there be infrastructure opportunities? I am a project practitioner with expereince in Iraq and Azerbaijan, and approx. 20 years in oil & gas, currenty looking for a new opportunity, Iran would be a great place to work.

Leave a Reply