DNO ASA, Oslo, plans to relinquish its 50% participating interest in Block 8 offshore Oman, which includes the country’s only offshore production.
Gross average production from Bukha and West Bukha fields was 4,484 boe/d of oil, gas, and condensate last year.
DNO said in its 2017 annual report it will relinquish the interest before the license expires on Jan. 3, 2019.
LG International Corp., Seoul, holds the other 50% interest in Block 8.
