Oslo-based DNO saw its Iraqi Kurdistan output fall once again, reporting Q3 production of 119,800 b/d at its Tawke License (DNO 75%, Genel 25%) in its results this week – down from 126,500 b/d in Q2. As the KRG’s biggest foreign-operated license, Tawke is crucial to the semi-autonomous region’s oil sector.
And whilst the 2017 start-up of the 52,000 b/d Peskhabir field has provided a boost, in recent months it has failed to offset losses at the eponymous Tawke field which saw output dip to 67,800 b/d in Q3 – down from 83,400 b/d in 3Q 2018 and 107,000 b/d in 3Q 2017. DNO expects to exit 2019 at production levels similar to Q3’s, and maintain them into 2020. (CONTINUED - 306 WORDS)