Gross production from the KRG’s Tawke license (DNO 75% operator, Genel 25%) averaged 113,175 b/d in Q3, up 10,800 b/d from Q2, Norway’s DNO confirmed in its quarterly results presentation this week. Tawke’s output was the highest since Q2 2016, and chairman Bijan Mossavar-Rahmani characterized production from the 50,000 b/d Peshkabir field as “on steroids.” DNO targeted 50,000 b/d from Peshkabir by end-2018 but hit its aim ahead of schedule (MEES, 14 September).
Equally of note is the declines at Tawke field – output has dropped from 113,300 b/d in January 2017 to 94,000 b/d a year later, and is currently producing at a mere 80,000 b/d despite two new wells being brought onstream this month. DNO nontheless plans to raise the block’s total output to 130,000 b/d by the end of the year. Two more are planned in the next couple of months to arrest declines. The firm also spudded a well this month at the Baeshiqa license as part of a three well back-to-back drilling push (MEES, 12 October). (CONTINUED - 168 WORDS)