Economics
DNO almost doubles reserves, publishes annual report
DNO International ASA, the Norwegian oil and gas company, on Tuesday released its Annual Statement of Reserves setting total remaining proved and probable reserves at 371.9mn barrels of oil equivalent on a working interest basis as of year-end 2011. The equivalent figure as of 31 December 2010 was 194.2mn barrels. The 91.5% year-on-year increase was driven by an upward revision in estimates of the ultimate recoverable reserves of the Tawke field in the Kurdistan region of Iraq based on an independent assessment of DNO International’s oil and gas properties by international consultants DeGolyer and MacNaughton. (Iraq Business News)
Source: http://www.iraq-businessnews.com/2012/05/01/dno-almost-doubles-reserves-publishes-annual-report/
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