DNO reports payment for Tawke deliveries
Published by Louise Mulhall,
Editorial Assistant
Oilfield Technology,
DNO ASA, the Norwegian oil and gas operator has reported receipt of US$24.28 million from the Kurdistan Regional Government as a second payment towards May crude oil deliveries to the export market from the Tawke field.
With the receipt of US$15.00 million earlier this week, the payment completes settlement of the total invoiced amount for May of US$39.28 million, of which US$32.95 million comprised the monthly entitlement and US$6.34 million was towards the recovery of outstanding receivables for past deliveries.
The funds will be shared pro-rata by DNO and partner Genel Energy plc.
Tawke production in May averaged 117 757 bpd, of which 114 848 bpd were earmarked for export.
Adapted from a press release by Louise Mulhall
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/23062016/dno-reports-payment-for-tawke-deliveries/
You might also like
BOEM analyses proposed offshore well stimulation work at platform Gilda offshore California
The Bureau of Ocean Energy Management has issued a Notice of Intent to prepare an Environmental Impact Statement for a proposed update to the Santa Clara Unit Development and Production Plan, which includes the use of hydraulic fracturing on 16 existing wells at Platform Gilda, located 8.8 miles offshore Ventura County, California.