DNO makes oil discovery in Iraqi Kurdistan

09 January 2017

Norwegian group considering early production facilities at Peshkabir field

Norway-based DNO has made a new discovery during exploration activities at the Peshkabir field in Iraqi Kurdistan.

The Peshkabir-2 well is flowing at a stable rate of 3,800 barrels a day (b/d), the company reported, saying it had renewed exploration after delays caused by lower prices and delayed payments from the Kurdistan Regional Government (KRG).

DNO is examining a number of options to develop the assets including a geological side-track or a third well, as well as early production and trucking the company’s gathering, processing and export faciliries at Fish Khabur.

“Peshkabir-2 was originally planned for 2015 but delayed following the drop in world oil prices and interruption in payments for the company’s production and exports from Kurdistan,” said DNO.

DNO operates and holds a 55 per cent stake in the Tawke license which holds the Peshkabir field. London-based Genel Energy and the KRG hold respective stakes of 25 per cent and 20 per cent.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications