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DNO ASA plans to restart drilling operations within the Kurdistan area of Iraq after surpassing 500 MMbbl of cumulative manufacturing from the Tawke license, the corporate introduced on 11 December. The milestone marks continued robust efficiency from one of many area’s best belongings, operated by DNO with a 75% working curiosity.
Following a two-and-a-half-year pause in new drilling exercise triggered by the 2023 export pipeline shutdown, DNO will spud a brand new manufacturing properly subsequent week concentrating on the shallow Jeribe reservoir within the Tawke subject. The corporate has mobilized two rigs—the DQE-51 and its personal Sindy rig—to execute a program of eight wells by means of 2026. The marketing campaign is designed to raise gross operated output by 25% to round 100,000 bpd.
Regardless of the halt in drilling, DNO has maintained manufacturing of roughly 80,000 bpd by means of incremental properly optimization. Govt Chairman Bijan Mossavar-Rahmani stated the corporate’s lengthy expertise within the area offers it confidence in its capacity to unlock additional sources.
“Given 20 years of expertise working these complicated reservoirs, now we have nice confidence in our capacity to extract a lot, far more oil from the fields on this license,” he stated, emphasizing that DNO “holds the important thing to Tawke.”
The Tawke license contains the Tawke and Peshkabir fields, two of Kurdistan’s largest operated by a global oil firm. DNO was the primary Western operator to enter Kurdistan in 2004, serving to catalyze the area’s trendy oil business. The corporate has since expanded its portfolio, together with important development on the Norwegian Continental Shelf, the place it expects to exit 2025 with internet manufacturing of 90,000 boe/d.
DNO described Kurdistan and Norway as its two “residence turfs,” noting that the corporate is now among the many most energetic gamers on the NCS as operators search to speed up venture timelines from discovery to first manufacturing.
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