Aug 17, 2023 / 08:00AM GMT
Haakon Sandborg - DNO ASA - CFO
Okay. So I'll get started then. Good morning. Hello, everyone. Welcome now again to our second quarter earnings call. This has been quite an extraordinary and challenging quarter from the end of Q1 and basically have had no production in Q2 from our operated assets in Kurdistan. This stands still for our main producing assets has obviously severely impacted our second quarter operational and financial results.
On the other hand, we continue our outstanding exploration success in the North Sea with a large discovery in the Carmen well. Our new West Africa assets are also performing well. So in the current situation, we clearly benefit from having a diversified portfolio in addition to Kurdistan.
Let's go to the next one. Yes. So the production shutdown in Kurdistan, that followed from the Iraqi-Turkey -- the closure of the Iraqi-Turkey pipeline at the end of March that was due to an arbitration ruling at the time in favor of Iraq against Turkey regarding exports of Kurdish oil. The pipeline closure led to a 4-month stop in our production before we receive
Q2 2023 Dno ASA Earnings Call Transcript
Feb 13, 2024
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