DNO’s Q4 report confirmed the company’s operational momentum, with growth across both the North Sea and Kurdistan unfolding in line with expectations. The 2026 production guidance for the North Sea (82 kboepd WI) and Kurdistan (65 kbopd WI) came in as anticipated, helping to further de-risk near-term estimates. Beyond 2026, the outlook appears modestly stronger than our current modelling assumptions (although we have left our estimates broadly unchanged for now). On pipeline exports from Kurdist ....
