Gulf Oil and Gas accountACCOUNT

DNO Reports Payment for Tawke Deliveries

Source: www.gulfoilandgas.com 1/22/2018, Location: Middle East

Share |
DNO ASA, the Norwegian oil and gas operator, reported receipt of USD 53.71 million from the Kurdistan Regional Government as payment for October 2017 crude oil deliveries to the export market from the Tawke license. The funds will be shared by DNO and partner Genel Energy plc pro-rata to the companies' interests in the license.

The payment to DNO of three percent of gross Tawke license revenues during October 2017, as provided for under last August's receivables settlement agreement, was previously received by the Company.

DNO operates and has a 75 percent interest in the Tawke license, which contains the Tawke and Peshkabir fields. Combined production from the two fields currently averages 110,000 barrels of oil per day.

Industrial Treatment Systems News in Iraq >>

Saudi Arabia >>  8/15/2018 - Jacobs Engineering Group Inc. has received a two-year contract renewal from Saudi Aramco Total Refining and Petrochemical Company (SATORP) for its sub...
Iraq >>  8/13/2018 - Petrofac has been awarded a contract worth around US$370 million by Basra Oil Company (BOC) for expansion of the Central Processing Facility (CPF), lo...

United Arab Emirates >>  8/7/2018 - A group of Emirati employees, from the Abu Dhabi National Oil Company (ADNOC), has become the first group of trainees to start a two year professional...
Iraq >>  8/5/2018 - Baker Hughes, a GE company has been awarded a contract by the South Gas Company of Iraq (SGC) for fast-track solutions to help the recovery of flare g...

Related Categories: General  Separators 

Related Articles: General  Separators 


Iraq Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 |

Oil & Gas Projects in Iraq >>

More News

 

Oil & Gas Companies in Iraq >>


Related Links

Gulf Oil and Gas
Copyright Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.