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Overview
In The News
Executives & Employees
Board of Directors
Paths
Owners & Shareholders
Recent Transactions
Transaction Advisors
Clients
Financials
Suppliers

DNO ASA

OVERVIEW

Date Founded
1971
Headquarters
Dokkveien 1, Aker Brygge, Oslo, 0250, Nor
Type of Company
Public
Employees (Worldwide)
811
Industries
Oil & Gas
Company Description
DNO International is an entrepreneurial independent E&P company, geographically focused on the Middle East and North Africa with operations in Yemen, the Kurdistan region of Iraq, Tunisia, Oman and Ras Al Khaimah. The group is headquartered in Oslo and listed on the Oslo Stock Exchange. DNO explores for oil and natural gas in frontier areas and in regions with established oil and natural gas production and infrastructure. Our growth comes through smart exploration, cost effective and fast track development, efficient operating techniques and strategic acquisitions
Website

In The News See more

ENP Newswire
September 15, 2017
Thomson Reuters ONE
September 14, 2017
Thomson Reuters ONE
September 7, 2017
Thomson Reuters ONE
August 24, 2017
Thomson Reuters ONE
August 23, 2017
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Executives & Employees See more


Chief Financial Officer & Investor Relations Contact

Chief Operating Officer

General Counsel

General Manager, Tunisia

General Manager, Ras AL Khaimah

General Manager, Oman

General Manager Kurdistan

Managing Director

Commercial Director

Director-Exploration
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Board of Directors


Executive Chairman at RAK Petroleum Plc

Chairman & General Manager at Takla Energy AS

Chief Executive Officer at Fabi Kompetanse AB

Chief Financial Officer at RAK Petroleum Plc

Former Chairman at NRC Group ASA

Managing Director at DNO ASA
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Paths to DNO ASA

DNO ASA
You
Connections via Relationship Science
DNO ASA
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Owners & Shareholders

Details Hidden
First Fondene AS, a subsidiary of Nansen Capital Partners AS, is a Norwegian company located in Oslo that provides investment advice. The firm was founded in 2007. Erik Haugland is the CEO, in this role since 2016.
Details Hidden
HBK specializes in Nordic fund management. They offer funds primarily in foreign exchange classes USD and NOK. They also provide funds that combine different geographical regions, sectors and investment strategies in various currency classes.Research and portfolio management are shared within the group. In-house research covers macro-economic and fundamental analysis, complemented to a lesser extent with quantitative analysis. Company visits are part of the research process.Portfolio managers make investment decisions autonomously.
Details Hidden
PF is an active, fundamentals-based, long-term manager which constructs focused portfolios of equities, fixed-income and private equity.For their global and Norwegian equity portfolios, PF focuses on industries with a limited range of outcomes that generate free cash flows and are able to reinvest it in a way that yields high returns. These industries typically have barriers to entry, low capital intensity, a low level of political, regulatory and technology risk and limited exposure to commodity prices. They seek to identify companies in these industries with a high earnings potential, characterized by strong historical return on equity, sound balance sheets, stable earnings and a market value greater than USD 1 billion. For fixed-income investments, the firm primarily concentrates on Norwegian and Nordic bonds, relying on Norges Bank's projection for the interest rate path. They place significant emphasis on loan agreements and construct portfolios based on security for the principal, the attractiveness of the borrowing conditions in relation to the underlying risk, diversification and liquidity.PF invests in unlisted companies with high growth and a solid earnings potential. They typically hold an investment for three to five years before listing or a sale to an industrial buyer. They primarily seek to invest in companies in the energy and energy service sectors, taking large positions in a small number of companies.
Details Hidden
PFA is an active, risk-aware manager which invests pension assets with a long-term perspective in domestic and international markets through in-house and external asset managers, aiming to accumulate reserves for pension benefits to ensure benefit payments in the future. They select the most suitable investment managers with respective styles and approaches for each asset class.The firm follows their “Plan-Do-See” cycle, seeking to efficiently invest in order to realize the highest returns possible while appropriately controlling risks. They try to diversify across asset classes, securities, approaches, styles, managers, investment timing and investment horizon in order to reduce investment risks. They constantly review and assess the process and make necessary changes.They allocate assets based on quantitative and qualitative analyses and rebalance when actual asset allocation deviates from acceptable risk allowances due to market fluctuations. Rebalancing is carried out with consideration of both rebalancing costs and risks associated with the deviation. Investment Policy sets the policy asset mix and allowances for different funding levels and is regularly reviewed.
Details Hidden
Monyx Financial is an active manager which administers unit-linked insurance, social security and mutual funds through their divisions and brands Fund service and through their Pension administration and fund management firm, Monyx Fund. The firm aims to create value for investors by providing personally mediated counseling and asset management services with a focus on risk and asset allocation.
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Recent Transactions

Details Hidden
DNO ASA purchases Origo Exploration AS from Riverstone Holdings LLC, Temasek Capital Pte Ltd., Riverstone International Ltd., Gnri Manco Ltd.
Details Hidden
DNO ASA purchases Rak Petroleum /Middle East & North Africa Ops from RAK Petroleum PCL
Details Hidden
Aker ASA, Aker Capital AS purchase Det norske oljeselskap ASA from DNO ASA
Details Hidden
DNO ASA purchases Noil Energy ASA
Details Hidden
Pertra ASA purchases Det Norske Oljeselskap ASA (Inactive)/ (Inactive) from DNO ASA resulting in a new company Noil Energy ASA
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Transaction Advisors

Companies ▾
Legal Advisor
Advised on DNO ASA purchases Rak Petroleum /Middle East & North Africa Ops from RAK Petroleum PCL
Investment Advisor
Advised on DNO ASA purchases Rak Petroleum /Middle East & North Africa Ops from RAK Petroleum PCL
Legal Advisor
Advised on Lundin Petroleum AB purchases DNO International ASA /UK & Ireland Oil Operations (2) from DNO ASA
Investment Advisor
Advised on Lundin Petroleum AB purchases DNO International ASA /UK & Ireland Oil Operations (2) from DNO ASA

Clients

Companies ▾
   Baghdad, BG

Key Stats and Financials as of 2016

Market Capitalization
$12.8B
Total Enterprise Value
$9.99B
Earnings Per Share
$-0.25
Revenue
$1.69B
Net Profit
$-296M
Total Debt
$3.11B
Total Equity
$3.46B
EBITDA
$642M
EBITDAMargin
37.91%
Enterprise Value Sales
5.9x
Enterprise Value EBITDAOperating
15.55x
TEVNet Income
-33.7x
Debt TEV
0.31x
Three Year Compounded Annual Growth Rate Of Revenue
-17.05%
Five Year Compounded Annual Growth Rate Of Revenue
-3.94%
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Suppliers

   
At EMGS, we acquire and process high-quality marine controlled-source electromagnetic (CSEM) data. We then help our customers to increase their exploration success through modelling, integrating and interpreting these data. In 2002, EMGS was the first company to successfully apply marine CSEM technology to the search for hydrocarbons (see history). Since then, we have successfully commercialised the technology and turned it into an effective, environmentally benign exploration method that, when used correctly, can significantly increase drilling success rates (read article). Measuring wellbore resistivity has been a fundamental formation evaluation tool since the 1920s. Marine CSEM surveying uses the same principles to map resistive bodies, such as commercial-scale hydrocarbon reservoirs, from the seabed. This makes it a perfect partner for seismic techniques, which provide structural information. Together, and with other subsurface information, these methods form a powerful set of exploration tools.
   Other Business & Consulting Services    Petaling Jaya, SE
Dialog Group Bhd provides technical services to the upstream and downstream sectors in the oil, gas and petrochemical industry. It services include upstream services, logistic services, specialist product and services, engineering & construction, fabrication, plant maintenance and catalyst handing services and epayment technology & solutions. The company was founded by Ngau Boon Keat in 1984 and is headquartered in Petaling Jaya, Malaysia.
   Other Business & Consulting Services    Dallas, TX
Part of DEI Holdings, Inc., DeGolyer & MacNaughton is an American company located in Dallas, TX, that provides hydrocarbon evaluation services and related oil and gas engineering services.
   Oil & Gas    Walton-on-Thames, SU
RAK Petroleum Plc is an energy investment company that engages in the exploration and development of oil and gas fields. It currently holds interest in two oil and gas companies, DNO and Foxtrot International LDC. It operates through the DNO (Associate) and Foxtrot International segments. The company was founded on June 17, 2013 and is headquartered in Walton-on-Thames, the United Kingdom.
   Real Estate    Oslo, PS
Norwegian Property ASA engages in the ownership, development, and management of commercial properties. It also invests and leases office properties, retail space, and restaurants. The company was founded on July 20, 2005 and is headquartered in Oslo, Norway.
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