Thursday, 21 August 2014

DNO faces delays in Kurdistan as suppliers flee Iraq violence

OSLO, Norway (Bloomberg) -- DNO ASA said projects in the Kurdistan region will probably be delayed after service companies evacuated staff because of violence near the region. The timing of some projects in DNO’s three Kurdistan blocks will be “likely impacted by developments beyond our control,” the Oslo-based company said Aug. 21 in presentation material published with second-quarter results. “A number of services companies, equipment suppliers, drillers and other contractors have evacuated personnel and suspended Kurdistan operations.”


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