DNO signs MoU to develop Iran's Changuleh oil field

OSLO -- Norwegian oil and gas operator 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. The Changuleh field, discovered in 1999 but never developed, is estimated to hold more than 2 Bbbl of oil-in-place. More »