Somaliland: DNO signs production sharing contract

DNO International ASA, Oslo, has signed a production sharing contract covering Block SL18 onshore Somaliland.

The rectangular block covers 12,000 sq km about 120 km east of Hargeysa. DNO has initiated studies on the block in advance of an extensive seismic program planned for 2014.

DNO holds a 100% paying interest in the license with Somaliland holding a 10% carried interest.