Oslo, 7 September 2023 - DNO ASA, the Norwegian oil and gas operator, today
announced that Christopher Spencer has been appointed Managing Director of the
Company as Bjørn Dale steps down as part of a planned management transition
initiated last year.
Mr. Spencer has been DNO's Chief Operating Officer since 2021. Before joining
DNO six years ago, he served as chief executive of Rocksource ASA and in various
commercial and technical roles at Royal Dutch Shell and BP. He is a Chartered
Engineer with the Institution of Chemical Engineers in the United Kingdom.
Mr. Dale joined DNO in 2011 as a corporate lawyer prior to his appointments as
General Counsel and Managing Director. He will continue to advise the Company on
legal and commercial matters for a period of six months following Mr. Spencer's
appointment effective 8 September 2023.
"Chris will provide strong leadership as DNO builds up its position in the North
Sea even as he continues to be fully engaged in driving our operations in the
Kurdistan Region of Iraq and Côte d'Ivoire," said Executive Chairman Bijan
Mossavar-Rahmani. "He is not just hands-on, he is hands-in."
DNO has participated in six discovery wells since 2021 offshore Norway, adding a
total of 100 million barrels of oil equivalent (MMboe) net to DNO, of which 78
MMboe have been added so far this year. The Company will push for early
commercialization of these discoveries.
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For further information, please contact:
Media: media@dno.no
Investors: investor.relations@dno.no
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DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North
Sea and West Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the
Company holds stakes in onshore and offshore licenses at various stages of
exploration, development and production in the Kurdistan region of Iraq, Norway,
the United Kingdom, Côte d'Ivoire, Netherlands and Yemen.
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and section 4.2.4 of Euronext Oslo
Rulebook II.
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