DNO's North Sea production soars in Q3, Kurdistan output dips

DNO ASA announced its Q3 2025 trading update, revealing a substantial increase in North Sea net entitlement production to 77,323 boepd, up from 33,348 boepd in Q2 2025, largely due to the Sval Energi Group AS acquisition. This contrasts with a decrease in Kurdistan net entitlement production, which fell to 14,449 boepd from 18,675 boepd in the previous quarter. Gross operated production in Kurdistan also saw a decline, dropping to 46,572 boepd from 74,760 boepd.

Financially, DNO repaid a $300m bank bridge loan for the Sval acquisition and paid a dividend of NOK 0.375 per share, totaling $36.2m. The company also made two tax installments in Norway amounting to $52.9m.

Exploration efforts on the Norwegian Continental Shelf yielded a discovery at the Vidsyn well, while drilling was ongoing at the Page well. Q3 2025 operating and interim financial results are scheduled for release on November 6th.