Scandoil  

DNO produces daily 170,000 barrels of oil from the Tawke field


Published May 29, 2015
DNO in Kurdistan

DNO ASA announced a new daily record of 170,000 barrels of oil produced from the Tawke field in the Kurdistan region of Iraq, of which 30,000 barrels were sold into the local market and the balance allocated for export.

Tawke production in the first quarter of 2015 was 104,925 barrels of oil per day (bopd), of which 8,679 bopd was sold into the local market. In the current quarter to date, production has averaged 146,309 bopd, including 26,027 bopd sold into the local market.

The company's realized prices for local sales currently average around USD 40 per barrel, with payments received upfront and revenues split 50/50 with the Kurdistan Regional Government.

'We are ramping up production, export and local sales following the recently completed Tawke capacity expansion,' said Bijan Mossavar-Rahmani, DNO's Executive Chairman. 'We will dust off investment plans as our revenue stream continues to grow,' he added.

Tags: DNO International




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml