DNO spuds third Peshkabir well in Kurdistan

The company spud the Peshkabir-3 well on 8 July as part of a fast track field development plan including the acquisition and installation of an early production facility by the end of 2017 to be followed by a pipeline connection to the Tawke export terminal at Fish Khabur.

Three Cretaceous productive horizons (Upper Shiranish, Lower Shiranish and Qamchuqa) tested 3800 bpd of oil, 4000 bpd of oil and 1100 bpd of oil, respectively, of 28o API gravity crude oil during a two week cased hole testing programme in May. The Cretaceous column in the Peshkabir-2 well is estimated to range between 380 - 590 m.

Two productive horizons in the deeper Jurassic formation tested 2665 bpd of oil and 400 bpd of oil, respectively, of 25o API gravity crude oil, again over a two week cased hole testing programme in April. The Jurassic column in the Peshkabir-2 well is estimated to range between 125 - 160 m.

The well's Lower Shiranish Cretaceous zone has been placed on production since late May at an average rate of 4500 bpd of oil, trucked to Fish Khabur some 12 km away and commingled with Tawke production for pipeline export through Turkey.

Tawke license production from the two fields has averaged 115 000 bpd of oil month-to-date in July.

"With 16 consecutive monthly export payments from the Kurdistan Regional Government in line with contractual entitlements, we've ramped up drilling with three rigs currently active across the portfolio," said Bijan Mossavar-Rahmani, DNO's Executive Chairman.