DNO Kurdistan Well Comes Online, Beats Output Targets

DNO Kurdistan Well Comes Online, Beats Output Targets
TAWKE, IRAQ: A sign outside the Tawke oil field in Iraqi Kurdistan. Norwegian oil company DNO is extracting oil in the Kurdish region of Iraq. Photo by Sebastian Meyer www.sebmeyer.com sebastian@sebmeyer.com +964 750 792 2163

Norwegian oil and gas operator DNO ASA, announced it had beaten output targets after its fourth well in Iraqi Kurdistan began production, Pipeline Oil & Gas Magazine reported.

The Peshkabir-5 well has a current output of roughly 8,000 barrels per day (b/d) of crude from three Cretaceous and two Jurassic zones through temporary test facilities. In total seven Cretaceous and two Jurassic zones were flow tested with output rates for individual zones ranging from 3,600 b/d to 7,200 b/d.

“At around 35,000 b/d, Peshkabir has now leapfrogged into second place after Tawke among the Kurdistan fields operated by the international oil companies,” said Bijan Mossavar-Rahmani, DNO’s Executive Chairman. The company had previously set a production target of 30,000 b/d.

“We are setting our sights on higher production and accelerating field development,” he added.

The Peshkabir-5 well was used to test the field’s western extension and was drilled to a measured depth of 2,918 meters in 57 days at a cost of $12.1 million.

The Peshkabir-6 and Peshkabir-7 wells have reached their respective drilling targets of 4,250 meters and 3,750 meters, and will begin production testing in August.

Peshkabir-2 and Peshkabir-3 were both drilled in 2017 and have a combined production rate of 15,000 b/d. Peshkabir-4, drilled in July, currently produces 12,000 b/d.

DNO has a 75 percent interest in the Tawke license, containing the Tawke and Peshkabir fields, with partner Genel Energy plc owning the remainder.

Mariana Somensi 890 Posts

Mariana holds a Journalism Bachelor Degree from the State University of Londrina, Brazil. The Brazilian journalist has 4 years of experience on the MENA region's affairs and over a year of experience on the oil and gas industry.

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