DNO ASA have announced record daily production levels at their Tawke oil field in Iraqi Kurdistan
Output levels at the northern Iraqi field had reached the milestone of 170,000 barrels per day (bpd), the Norwegian oil & gas operator revealed last week, of which 140,000 were earmarked for export and the balance sold to local buyers.
Figures released by the company showed an average production level of 104,925 bpd at Tawke in Q1 2015, of which 8,679 bpd was sold into the local market.
The same figures showed a significant rise in Q2 2015, with Tawke averaging 146,309 bpd in the current quarter to date, including 26,027 bpd which was sold on locally for around US$40 per barrel.
“We are ramping up production, export and local sales following the recently completed Tawke capacity expansion,” said DNO executive chairman Bijan Mossavar-Rahmani.
“We will dust off investment plans as our revenue stream continues to grow.”
DNO completed a two-year investment programme in May 2015, adding 10 horizontal wells, two production trains and a 44 km, 24-inch pipeline, doubling Tawke’s wellhead, processing and pipeline capacity to 200,000 bpd.
