Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/dno-granted-two-year-somaliland-extension.shtmlDNO granted two-year Somaliland extension
DNO ASA has been granted a two-year extension of the term of its production sharing agreement for Block SL18 in Somaliland.
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DNO ASA has been granted a two-year extension of the term of its production sharing agreement for Block SL18 in Somaliland. The first exploration period will now end on 8 November 2017.
Block SL18, in which DNO has a 50 percent stake as operator, is a frontier exploration block. The partners have completed field survey and environmental assessment studies over the block and will initiate a planned seismic acquisition program once the Government of Somaliland has put in place a planned Oil Protection Unit (OPU) to support the international oil companies operating in Somaliland. The OPU is expected to be operational in 2015.
