DNO ASA is preparing to restart drilling at the Tawke license, after recording a promising yield of 500mn barrels from the region
This development comes after a two-and-a-half-year spending hiatus when a new production well was spud, targeting the shallow Jeribe reservoir in the Tawke field. Two rigs have been mobilised to drill eight wells on the license through 2026 to achieve a 25% increase in gross operated production to 100,000 barrels of oil per day. The Tawke and Peshkabir fields, which make up the Norweigian company-operated Tawke license, are known for its sprawling expanse.
“Despite halting new drilling following the 2023 export pipeline closure and the drop in revenues, we are still pumping an impressive 80,000 barrels of oil per day with continuous, low-cost tweaks to the wells,” said executive chairman Bijan Mossavar-Rahmani. “Given two decades of experience working these complex reservoirs, we have great confidence in our ability to extract much, much more oil from the fields in this license,” he said, adding, “DNO holds the key to Tawke.”
DNO is the first Western company to enter Kurdistan in 2004, and support the region in modernising its oil and gas industry.