DNO completed the acquisition of Mondoil Enterprises from RAK Petroleum for $117m.

DNO, a Norwegian oil and gas operator, completed the acquisition of Mondoil Enterprises, a firm that owns 33.33% indirect interest in privately-held Foxtrot International, from RAK Petroleum, an oil and gas investment company, for $117m. “As DNO targets expansion beyond the Kurdistan region of Iraq and the North Sea, the move into Côte d'Ivoire is an important first step into a highly prospective region offering a broad set of growth opportunities through acquisition of producing fields, development assets and exploration licenses," Bjørn Dale, DNO Managing Director.