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Iran Partners with Norway's DNO for Changuleh Oilfield Study
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DNO ASA announced the signing of a memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) to conduct a study concerning the development of the Changuleh oil field in western Iran.
Changuleh, discovered in 1999 but never developed, is estimated to hold more than 2 billion barrels of oil-in-place.
The Company has established a wholly owned subsidiary DNO Iran AS amid preparations to increase its presence in Iran.
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