DNO ASA

DNO ASA

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
Thomson Reuters ONE
February 15, 2018
DNO Reports Payment for Tawke Deliveries
Thomson Reuters ONE
February 8, 2018
Mandatory Notification of Trade
Thomson Reuters ONE
February 6, 2018
Invitation to 2017 Results Presentation in Oslo
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Executives & Employees

Chief Financial Officer & Investor Relations Contact

Chief Operating Officer

Chief Operating Officer

General Counsel

General Manager, Tunisia

General Manager, Ras AL Khaimah

General Manager, Oman

General Manager Kurdistan

Managing Director

Commercial Director

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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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Owners & Shareholders
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First Fondene AS, part of Nansen Capital Partners AS, is a company headquartered in Oslo,, that provides investment advice. The firm was founded in 2007. Erik Haugland has been the CEO since 2016.

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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.

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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.

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Recent Transactions
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DNO ASA purchases Origo Exploration AS from Riverstone Holdings LLC, Temasek Capital Pte Ltd., Riverstone International Ltd., Gnri Manco Ltd. resulting in a new company DNO Norge AS

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DNO ASA purchases Rak Petroleum /Middle East & North Africa Ops from RAK Petroleum PCL

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Aker ASA, Aker Capital AS purchase Det norske oljeselskap ASA from DNO ASA

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Transaction Advisors
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Advised onDNO ASA purchases Rak Petroleum /Middle East & North Africa Ops from RAK Petroleum PCL

Investment Advisor

Advised onDNO ASA purchases Rak Petroleum /Middle East & North Africa Ops from RAK Petroleum PCL

Legal Advisor

Advised onLundin Petroleum AB purchases DNO International ASA /UK & Ireland Oil Operations (2) from DNO ASA

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Clients
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Key Stats and Financials As of 2016
Market Capitalization
$9.54B
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.

Dialog Group Bhd. Other Business & Consulting Services | Petaling Jaya, SE

Dialog Group Bhd engages in the provision of integrated technical services. It covers upstream, midstream, and downstream sectors in the oil, gas, and petrochemical industry. Its services includes logistics services, upstream services, specialist products and services, engineering and construction, fabrication, plant maintenance and catalyst handling services, and epayment technology and solutions. The company was founded by Ngau Boon Keat in 1984 and is headquartered in Petaling Jaya, Malaysia.

DeGolyer & MacNaughton Other Business & Consulting Services | Dallas, TX

DeGolyer & MacNaughton, part of DEI Holdings, Inc., is a company headquartered in Dallas, TX. The firm provides hydrocarbon evaluation services and related oil and gas engineering services.

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