DNO gives Kurdistan operational update

The Tawke-31 well, targeting the main Cretaceous reservoir will be brought on production following an acid stimulation programme. Two additional wells targeting the shallow Jeribe reservoir, Tawke-33 and Tawke-34, are also being readied for production. A fourth well, Tawke-37, will be spud next week. The four wells are expected to cost less than US$20 million in total and add about 10% to field output capacity.

Earlier this month the company also spudded the Peshkabir-2 well to appraise the Jurassic reservoir and explore the deeper Cretaceous horizon on a previous discovery to the west of the main Tawke field. This well marks the completion of the current drilling program at the Tawke license which was initiated on the back of monthly export payments from the Kurdistan Regional Government. Plans to engage a third drilling rig were dropped in September though the company expects to re-start investments to boost production to a targeted level of 135 000 bpd following the resumption of regular and predictable payments.

Tawke production during the third quarter averaged 109 159 bpd, of which 108 759 bpd was delivered for export through Turkey.

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