DNO ASA announced doubling of capacity at its flagship Tawke field in the Kurdistan region of Iraq to 200,000 barrels of oil per day (bopd).
The 200,000 bopd wellhead, processing and pipeline capacity milestone was reached in less than two years with 10 new horizontal wells and the construction of two early production facilities with combined capacity of 80,000 bopd and the installation of a new 44-kilometer, 24-inch pipeline.
Earlier in the week, the company hit a new Tawke daily production record of 156,379 barrels of oil and will ramp up output in the coming weeks by continuing to commission facilities and open wells. Discussions are underway with the Ministry of Natural Resources to set out future production levels, including the split between export deliveries and local sales.
'We are very proud of bringing the Tawke 200,000 project to completion and solidifying our position as the leading operator in Kurdistan,' said Bijan Mossavar-Rahmani, DNO's Executive Chairman. 'Higher Tawke production, including higher deliveries to Ceyhan, should help unlock payments to DNO,' he said. 'The timing and extent of export payments will drive new investment at Tawke which will be required to sustain the high production rates,' Mr. Mossavar-Rahmani added.