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.