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Genel Energy Provides Update on Tawke PSC

Source: www.gulfoilandgas.com 10/31/2019, Location: Middle East

Genel Energy notes that DNO, as operator of the Tawke PSC (Genel 25% working interest), has issued an update on licence activity:

In the Kurdistan Region of Iraq, third quarter production at the Tawke licence averaged 119,800 bopd. Production in the quarter was impacted by a workover of the P-2 well and side-track of the P-3 well at the Peshkabir field. DNO expects to exit the year with Tawke licence production averaging 120,000 bopd and to maintain this rate into 2020. Tawke licence cumulative production recently reached a significant milestone of 300 MMbbls.

DNO stated that the Peshkabir-to-Tawke gas project is on track to be delivered in Q1 2020, effectively eliminating gas flaring while enhancing recoverability at the Tawke field.

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