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. It is registered at Dokkveien 1, 0250, OSLO.

How many employees does DNO have?

As of Aug 31, 2026, the latest employee count at DNO is 279.

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 15th amongst 1651 active competitors, of which 122 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 Chessapeake, Aramco and Petrobras. Among them, OMV Group secured the most recent funding round in February, 2024.

DNO - 2026 Company Profile, Funding, Competitors & Financials

DNO is an acquired company based in Oslo (Norway), founded in 1971. It operates as an Upstream oil and gas company. DNO has raised an undisclosed amount in funding. The company has 1651 active competitors, including 122 funded and 620 that have exited. Its top competitors include companies like Chessapeake, Aramco and Petrobras.

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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Registered Address: Dokkveien 1, 0250, OSLO

Key Metrics

Founded Year

1971

Location

Oslo, Norway

Stage

Acquired

Latest Funding Round

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

Investors

Kurdistan Regional Government

Ranked

15^th among 1651 active competitors

Annual Revenue

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

Employee Count

279 as on Aug 31, 2026

Investment & Acquisitions

Capricorn & 6 more

Similar Companies

Chessapeake & 1590 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 ASA CIN: 921526121 , Norway, Active	Aug 05, 1971	-	59 (As on Dec 31, 2022)
DNO NORGE AS CIN: 913905881 , Norway, Active	Jun 30, 2014	-	112 (As on Dec 31, 2022)
DNO Norge AS CIN: 913905881 , Norway, Active		-	-
DNO ASA CIN: 921526121 , Norway, Active	Aug 05, 1971	$100M - $500M (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	3266073	Grant (prize money)	2782950	1042774	5486951	5911571
May 16, 2019	2993969	Conventional Debt	5504612	3248893	9084756	2728522
Jun 28, 2018	6053908	Post IPO	1747000	1778231	7034852	8706486

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View details of DNO's funding rounds and investors

DNO's employee count trend

DNO has 279 employees as of Aug 26. Here is DNO's employee count trend over the years:

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Top competitors of DNO include Chessapeake, Aramco and Petrobras. 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	Chessapeake 1989, Oklahoma City (United States), Public	Exploration and production of unconventional oil and gas	$460M	The Carlyle Group, Triangle Peak Partners ... & 4 others	72/100
2nd	Aramco 1993, Dhahran (Saudi Arabia), Public	Provider of exploration and production services for oil and gas sector	-	Janse Capital, Public Investment Fund & 5 others	69/100
3rd	Petrobras 1953, Rio de Janeiro (Brazil), Public	Provider of oil and gas exploration services	-	Helios, BNDES & 2 others	69/100
4th	OMV Group 1956, Vienna (Austria), Acquired	Provider of oil & gas exploration and production services	-	ADNOC, ADNOC & 2 others	68/100
5th	Devon Energy 1971, Oklahoma City (United States), Public	Exploration and Production company	$3.78B	Colt Ventures, Windcrest Partners & 2 others	68/100
6th	Gran Tierra Energy 2003, Calgary (Canada), Public	Provider of oil & gas exploration and production services	-	Montrose Capital Partners, IFC Asset Management Company ... Read more	68/100
7th	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	67/100
8th	Hess 1919, 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, Denham Capital ... & 3 others	66/100
10th	PGNiG 1982, Warsaw (Poland), Acquired	State-controlled exploration of oil and gas company	-	YouNick	66/100
15th	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 6 companies including Capricorn and Capricorn.

Here is the list of investments & acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Sep 01, 2026	Acquisition	Capricorn	1980	Edinburgh (United Kingdom)
Jul 02, 2026	Acquisition	Capricorn	1980	Edinburgh (United Kingdom)
Mar 07, 2025	Acquisition	Sval	2011	Stavanger (Norway)