“raising gross output from the Tawke and Peshkabir fields to an average of 83,500 boepd in the first half of the third quarter, up 5% from the second quarter and 9% from the first quarter of 2024,” according to DNO’s announcement that it will increase spending in Iraqi Kurdistan during the second quarter of 2024 in order to optimize production from existing wells at the flagship Tawke license (DNO 75% and operator).
The Norwegian company added the following to its Q2 results announcement:
“In addition to producing wells that have already been drilled, DNO is getting ready to mobilize a rig to drill the first new well on the license since early 2023 in order to assist in addressing natural field decline.
“A 72-day testing program has begun on the newly drilled B-3 well on its other operated license in Kurdistan, Baeshiqa (DNO 64 percent).”
Bijan Mossavar-Rahmani, the Executive Chairman of the DNO, stated:
“With the shutdown of the Iraq-Türkiye export pipeline, which is now twisted into a Gordian knot, we are not realizing the full value for our Kurdistan barrels. We will compensate by increasing production costs and requiring advance payments to our international bank accounts until the knot is cut.
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