Investment Opportunity in Ziyen.com, the owner of Rebuilding Iraq

+44(0) 800 772 3004
marketing@ziyen.com

DNO ASA Receives US$31.33 Million in Oil Payments from Kurdistan Regional Government

Tawke production during the third quarter averaged 109,159 bopd, of which 108,759 bopd was delivered for export through Turkey.

DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 31.33 million from the Kurdistan Regional Government as payment towards August crude oil deliveries to the export market from the Tawke field.

The funds, to be shared pro-rata by DNO and partner Genel Energy plc, include USD 26.27 million toward the monthly entitlement for August deliveries and USD 5.05 million toward the recovery of outstanding receivables for past deliveries.

Tawke production in August averaged 96,709 barrels of oil per day (bopd), of which 96,528 bopd was delivered for export through Turkey. This was down from July production levels of 117,992 bopd due to pipeline closures in Turkey and scheduled field facilities maintenance.

Tawke production during the third quarter averaged 109,159 bopd, of which 108,759 bopd was delivered for export through Turkey.

Source: DNO

Categories

Read more news like this

Categories
Oil and Gas News