DNO cashes out of Côte d’Ivoire as Panoro deepens African offshore gas drive

Norway’s oil and gas player DNO is exiting Côte d’Ivoire by divesting its business in the West African country to Panoro Energy, raking in an estimated 24% annualized return on its investment while handing its Norwegian peer a gas-weighted production base that will boost output by about 23% and deepen its presence in the region’s gas market.

The post DNO cashes out of Côte d’Ivoire as Panoro deepens African offshore gas drive appeared first on Offshore Energy.