Norway’s Iraqi Kurdistan-focused DNO boosted output at its Tawke license (DNO 75%op, Genel 25%) by 12% to 113,700 b/d in Q3 as the firm “reversed declines triggered by oil market convulsions” caused by Covid-19. Production of 113,700 b/d was even split between the Tawke and Peshkabir fields. For the former the 56,900 b/d figure is, down from 68,000 b/d in 3Q 2019 (see chart). In spite of the legacy field’s declines, the news is nonetheless a positive development for DNO: in May the firm forecast that total block output would fall to just 93,000 b/d in Q3 – a figure that would have been a seven-year low (MEES, 29 May).
The reinjection of Peshkabir gas in the Tawke field has added 5,000 b/d to total output, DNO says. But longer term, the No.1 foreign KRG producer is looking to its exploration block at Baeshiqa to bolster its Kurdistan output. Results from both the Zartik-1 and Baeshiqa-2 wells are ongoing. (CONTINUED - 175 WORDS)
