Gulf Oil and Gas accountACCOUNT

DNO Reports Payment for Tawke Deliveries

Source: www.gulfoilandgas.com 5/24/2018, Location: Middle East

Share |
DNO ASA, the Norwegian oil and gas operator, reported receipt of USD 47.23 million from the Kurdistan Regional Government as payment for February 2018 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.

Separately, a payment of USD 4.51 million from the Kurdistan Regional Government has been received net to DNO, representing three percent of gross Tawke license revenues during February, as provided for under last August's receivables settlement agreement.

DNO operates and has a 75 percent interest in the Tawke license, which contains the Tawke and Peshkabir fields.

Gross production from the Tawke license stood at 111,618 barrels of oil per day (bopd) during February, of which only 102,999 bopd was exported due to a planned pipeline outage; the balance was placed into interim storage at Fish Khabur and exported the following month.

Financials and Investment News in Iraq >>

Nigeria >>  10/16/2018 - Nigeria’s upper house of parliament plans to investigate an alleged $3.5 billion fuel subsidy fund at state-oil firm NNPC, lawmakers said on Tuesday. ...
Tanzania >>  10/4/2018 - The Company announces that, as a result of payment defaults by Bounty Oil & Gas NL (“Bounty”) under the joint operating agreements relating to the Kil...

Niger >>  9/28/2018 - Savannah Petroleum PLC, the British independent oil and gas company focused around oil and gas activities in Niger and Nigeria, is pleased to announce...
Ireland >>  9/26/2018 - The Directors of Petrel are pleased to announce that the Company has raised £400,000 (before expenses) via the placing of 21,621,622 ordinary shares (...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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.