Iraqi Kurdistan’s oil sector has experienced a notable revival over the past two years, with production capacity bouncing back to around 500,000 b/d. But it isn’t always plain sailing. Whilst the region’s first new field startup since 2017 may be just months away, two of the region’s biggest foreign players appear set for output to dip over 2020.
Operations reports from Norway’s DNO and Anglo-Turkish firm Genel, which partner at the key Tawke license (75% and 25% respectively), this week confirm that output slipped in the second half of the year. The license, operated by DNO, averaged 124,000 b/d in 2019, but exited the year a touch lower at around 123,000 b/d. (CONTINUED - 852 WORDS)