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Norway's DNO Output Slips YOY in Q2 After War-Related Kurdistan Shut-Ins

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Norwegian oil and gas operator DNO produced 88,430 barrels of oil equivalent in Q2, 2026, down from 92,593 barrels a year prior and down sharply from 131,671 barrels in Q1, 2026, it said in its earnings update on Thursday.

The drop in output was due mainly to "minimal" output in Kurdistan, Iraq, during the quarter due to the temporary suspension of production as a precaution at the outset of the US-Iran war, DNO said, while North Sea and West African production were fairly stable.

Gross operated production plummeted to 5,811 boepd from 80,286 boepd in Q2 last year as a result of the Kurdistan shut-down, while revenue surged year on year as with its peers, amid higher energy prices linked to the closure of the Strait of Hormuz.

The Kurdistan assets restarted production in late June and early July but it said their contribution in Q3 was uncertain.

"The pace at which the Company restores and is able to sustain full operations in Kurdistan will depend on the performance of wells and surface facilities following a prolonged shut-in and on regional security conditions," it said.

Production in the North Sea slipped to 84,912 boepd from 88,647 in Q1 due to an intensive maintenance schedule but it was more than double Q2, 2025's 33,348 boepd.

Sales volumes rose nonetheless to 80,511 boepd in Q2, versus 51,068 barrels a year prior but were down from Q1's 97,689 average daily output.

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