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DNO ASA is a Norwegian oil and gas company headquartered in Oslo, Norway. The company's core business involves the exploration, development, and production of oil and natural gas resources. DNO primarily operates in the Middle East and the North Sea, with significant assets and operations in the Kurdistan region of Iraq. Established in 1971, the company has expanded its geographic footprint to include other regions such as the United Kingdom and Norway. DNO's strategic focus is on leveraging its expertise in complex geological environments to drive efficient resource extraction and maximize output from its holdings.

Shell is an integrated energy company involved in the exploration, production, refining, and marketing of oil and natural gas, as well as the manufacturing and distribution of chemicals. The company operates across several segments, including upstream, integrated gas, downstream, and renewables and energy solutions. Founded in 1907, Shell is headquartered in The Hague, Netherlands, and operates in over 70 countries worldwide. Its strategic strengths include a diversified portfolio with significant investments in liquefied natural gas (LNG) and a growing focus on renewable energy and decarbonization efforts. The company's global presence and extensive supply chain network contribute to its significant competitive positioning in the energy sector.