Norwegian oil and gas firm DNO International has signed an amended concession agreement with the Government of the Emirate of Ras Al Khaimah, RAK Gas and Dahan Petroleum granting Dahan exploration rights to certain outlying areas of the offshore Saleh concession in exchange for Dahan covering the cost of DNO International's and RAK Gas' participation in any exploration program.

Dahan has 12 months to conduct a technical review of existing data and to acquire 3D seismic data, following which it can elect to drill, at its sole risk and expense, an exploratory well in the acreage surrounding, but not including, the Saleh field.

Tags: DNO International