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Genel Energy Releases Tawke Reserve Updates

The operator of the Tawke field, DNO ASA, expects production from the field to remain stable at the current rate of 115,000 bopd in 2017


The Tawke field produced an average of 107,300 bopd in 2016. 

Production declined year-on-year as investment at the field was deferred between Q1 2015 and Q1 2016 on the back of delays in receiving oil export payments. The closure of the KRI-Turkey pipeline system in February and March 2016 also had an impact on production levels.

Almost all of production in 2016 was supplied to the KRG for export via the KRI-Turkey pipeline. The balance was either processed at the Tawke refinery or sold into the domestic KRI market.

Following the resumption of oil export payments in September 2015, investment was restarted and development activity recommenced during Q3 2016, with the Tawke-32 (Jeribe water injector), Tawke-33, Tawke-34 (Jeribe producers), and Tawke-31 (Cretaceous producer) wells all being drilled. The Tawke-37 (Jeribe producer) was drilled in October 2016, with all wells in the campaign adding to field output capacity.

The operator of the Tawke field, DNO ASA, expects production from the field to remain stable at the current rate of 115,000 bopd in 2017 based on expected investment levels. Source: Genel Energy

 

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