When was DNO founded?

DNO was founded in 1971 and raised its 1st funding round 44 years after it was founded.

Where is DNO located?

DNO is headquartered in Oslo, Norway.

How many employees does DNO have?

As of Jun 30, 2026, the latest employee count at DNO is 269.

Is DNO a funded company?

DNO is a funded company, having raised an undisclosed amount across 4 funding rounds to date. The company's 1st funding round was a $***** Post IPO round, raised on Mar 10, 2015.

When was the latest funding round of DNO?

DNO's latest funding was a $***** Grant (prize money) round on Apr 14, 2021, with participation from 1 investor.

What is the annual revenue of DNO?

Annual revenue of DNO is between $100M and $500M as on Dec 31, 2022

Where does DNO rank among its competitors?

DNO ranks 14th amongst 1528 active competitors, of which 116 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was OMV Group, which secured an undisclosed amount in Feb, 2024.

Who are the top competitors of DNO?

DNO's top competitors include Petrobras, Aramco and Devon Energy. Among them, OMV Group secured the most recent funding round in February, 2024.

DNO - 2026 Company Profile, Funding, Competitors & Financials

Company Details

Norway-based DNO is a public oil and gas company. The company is focused on upstream oil and gas operations in the Middle East-North Africa region and the North Sea. The company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Norway, Oman, Somaliland, Tunisia, the United Kingdom and Yemen.

Website: www.dno.no/
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Key Metrics

Founded Year

1971

Location

Oslo, Norway

Stage

Acquired

Latest Funding Round

Grant (prize money), Apr 14, 2021, $*****

Investors

Kurdistan Regional Government

Ranked

14^th among 1528 active competitors

Annual Revenue

$100M - $500M as on Dec 31, 2022

Employee Count

269 as on Jun 30, 2026

Investment & Acquisitions

Sval & 3 more

Similar Companies

Petrobras & 1479 more

Exit Details

Acquired by Panoro Energy (Jun 28, 2018)

View DNO's full profile

DNO is associated with 5 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
PANORO TUNISIA EXPLORATION AS CIN: 995739879 , Norway, Active	Jul 01, 2010	-	-
DNO NORGE AS CIN: 913905881 , Norway, Active	Jun 30, 2014	-	112 (As on Dec 31, 2022)
DNO ASA CIN: 921526121 , Norway, Active	Aug 05, 1971	$100M - $500M (As on Dec 31, 2022)	-
DNO Norge AS CIN: 913905881 , Norway, Active		-	-
DNO ASA CIN: 921526121 , Norway, Active	Aug 05, 1971	-	59 (As on Dec 31, 2022)

DNO got acquired by Panoro Energy on Jun 28, 2018.

Click here to take a look at DNO's acquisition in detail

DNO has raised funding over 4 rounds. Its first funding round was on Mar 10, 2015. Its latest funding round was a Grant (prize money) round on Apr 14, 2021 for $*****. 1 investor participated in its latest round. DNO has 1 institutional investor.

Here is the list of recent funding rounds of DNO:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 14, 2021	6518474	Grant (prize money)	8931376	9725328	7524692	5087179
May 16, 2019	9453579	Conventional Debt	5415947	2914814	9911845	5139779
Jun 28, 2018	7884157	Post IPO	2467348	9921402	1322538	5163173

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View details of DNO's funding rounds and investors

DNO's employee count trend

DNO has 269 employees as of Jun 26. Here is DNO's employee count trend over the years:

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Top competitors of DNO include Petrobras, Aramco and Devon Energy. Here is the list of Top 10 competitors of DNO, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Petrobras 1953, Rio de Janeiro (Brazil), Public	Provider of oil and gas exploration services	-	Helios, BNDES & 2 others	73/100
2nd	Aramco 1993, Dhahran (Saudi Arabia), Public	Provider of exploration and production services for oil and gas sector	-	Janse Capital, Mubadala & 5 others	69/100
3rd	Devon Energy 1971, Oklahoma City (United States), Public	Exploration and Production company	$3.78B	Colt Ventures, Windcrest Partners & 2 others	68/100
4th	OMV Group 1956, Vienna (Austria), Acquired	Provider of oil & gas exploration and production services	-	ADNOC, ADNOC & 2 others	68/100
5th	Gran Tierra Energy 2003, Calgary (Canada), Public	Provider of oil & gas exploration and production services	-	IFC Asset Management Company, Montrose Capital Partners ... Read more	68/100
6th	Antero Resources 2002, Denver (United States), Public	Independent oil and gas exploration and production company	$71.8M	Trilantic Capital Partners North America, Shah Capital ... & 3 others	68/100
7th	Tourmaline Oil 2008, Calgary (Canada), Public	Oil & gas exploration and production company	$484M	Azimuth Capital Management	67/100
8th	Hess 1993, New York City (United States), Acquired	Exploration and production of crude oil and natural gas	-	Chase, Omega Advisors & 3 others	67/100
9th	MEG Energy 1999, Calgary (Canada), Acquired	Exploration and Development Company Focused on Oil Sands in Alberta	$54.4M	Azimuth Capital Management, Sustainable Development Technology Canada ... & 3 others	66/100
10th	PGNiG 1982, Warsaw (Poland), Acquired	State-controlled exploration of oil and gas company	-	YouNick	66/100
14th	DNO 1971, Oslo (Norway), Acquired	Upstream oil and gas company	-	Kurdistan Regional Government	63/100

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DNO has made 1 investments in companies including Faroe Petroleum. DNO has also acquired 3 companies including Sval and Faroe Petroleum.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Mar 07, 2025	Acquisition	Sval	2011	Stavanger (Norway)
Feb 04, 2019	Acquisition	Faroe Petroleum	1997	United Kingdom
Apr 13, 2018	Investments	Faroe Petroleum	1997	United Kingdom