DNO’s Q3 update was convincing, with decent reported figures, strong production guidance across regions and the early investment decision taken on the Kjøttkake discovery made in Q1 this year. Kjøttkake will be developed as a tie-in to Gjøa, with first oil scheduled for Q1 2028. Operatorship has been transferred to Aker BP for the development phase - a positive move, in our view, given Aker BP’s strong track record in project execution. The investment decision adds roughly ~1.5 NOK/sh to core NA ....
