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Norwegian Operator DNO ASA, receives $21.45 million from KRG

Under a new agreement announced February 1, 2016, Norwegian oil and gas operator, DNO ASA, received 21.45 m from Kurdistan Regional Government

As part of an agreement commencing February 1, 2016, Kurdistan Regional Government (KRG) has paid the Norwegian oil and gas operator DNO ASA, USD 21.45 million from the for exports from the Tawke oil field.

DNO partner, Genel Energy will receive USD 17.99 million toward their monthly payment for January exports and USD 3.46 million towards an already outstanding balance. 

January export averages for Tawke oil field were 119,390 barrels per day.

 

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