Daily Tax Report ®

DNO Accelerates Planning to Meet Deadline for Norway Tax Package

July 31, 2020, 8:41 AM

DNO plans to submit the production and development plan for its Brasse field off the coast of Norway in 2021 and then aims to do the same for three others the following year to take advantage of a tax package offered by the government.

  • “We’re a growth company, and we’ll use these resources to grow the business,” Executive Chariman Bijan Mossavar-Rahmani said in an interview
  • After submitting the so-called PDO for Brasse next year, DNO then aims to do the same for its Iris/Hades, Fogelberg and Trym South discoveries before the deadline to benefit from the tax regime finishes at...

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