[ad_1]
Oslo – The independent oil company DNO has announced that it had posted a lower than expected operating profit in the second quarter and that it was still seeking acquisitions after the acquisition of Faro Petroleum, based in London, earlier this year .
The company's earnings, which focused on the Middle East and North Sea before interest and taxes, reached $ 99.4 million versus $ 51.2 million for the same period last year. previous year, but fell short of the median forecast of 109.3 million badysts surveyed by ProfitNet.
The company confirmed its forecast capital expenditures for 2019 of $ 375 million and confirmed that exploration spending would reach $ 440 million.
Bijan Mesfar Rahmani, the company 's chief executive, said on Wednesday that he was considering acquiring Exxon Mobil' s badets in Norway, looking for further deals after the company 's deal. acquisition of Faro Petroleum.
In June, ExxonMobil announced that it was seeking an offer to purchase from fields operated by other Norwegian Continental Shelf companies, including the Equinor Senor oil field and the Shell gas field. Shell, Orman Lang.
Rahmani told Reuters that the company was seeking to acquire badets that ExxonMobil was seeking to sell.
(Reuters)
Source link
