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Oslo-listed DNO saw output from its Tawke block (75%op; Anglo-Turkish Genel 25%) decline slightly in Q1, as gains from the Peshkabir field were outstripped by the continued slump in output from the main Tawke field.
Peshkabir output rose 3,700 b/d in Q1 to a record 53,800 b/d, while the Tawke field dropped 4,100 b/d to 72,900 b/d. Tawke field’s output is down a whopping 22.6% year-on-year, and more than 5% on Q4 2018.
DNO has typically attributed declining output to a focus on Peshkabir, but drilling has been ongoing at the Tawke field. Four wells were completed in 4Q 2018, and another in Q1. (CONTINUED - 346 WORDS)
DATA INSIDE THIS ARTICLE
|chart||KRG: Tawke Field Continues Slide ('000 B/D)|