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An announcement from DNO ASA ( (GB:0MHP) ) is now available.
DNO ASA, the Norwegian oil and gas operator, has boosted its North Sea profile with the early start-up of the Symra field offshore Norway, where it holds a 20 percent stake alongside operator Aker BP and Equinor. The field, tied back to the Ivar Aasen platform in which DNO also has an interest, is the first on the Norwegian Continental Shelf to tap the Zechstein carbonate reservoir and is expected to yield 4,000-5,000 boepd net to DNO at plateau.
Symra’s launch nine months ahead of schedule underpins DNO’s push toward its North Sea growth targets, following a rise in output from 15,200 boepd in 2024 to a pro-forma 81,100 boepd in 2025. With four subsea fields started in the past year, three more under development and four discoveries moving toward investment decisions, DNO projects North Sea production of 90,000 boepd by 2027 and 100,000 boepd by 2030, reinforcing its claim to a rare growth trajectory among Norwegian oil companies.
The most recent analyst rating on (GB:0MHP) stock is a Sell with a NOK11.10 price target. To see the full list of analyst forecasts on DNO ASA stock, see the GB:0MHP Stock Forecast page.
More about DNO ASA
DNO ASA is a Norwegian oil and gas operator with activities in the Middle East, the North Sea and West Africa. Founded in 1971 and the first oil company listed on the Oslo Stock Exchange in 1981, it holds onshore and offshore stakes across exploration, development and production in Iraq’s Kurdistan region, Norway, the UK, Côte d’Ivoire and Yemen.
Average Trading Volume: 5,130,514
Current Market Cap: NOK20.22B
For detailed information about 0MHP stock, go to TipRanks’ Stock Analysis page.