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DNO ASA, 23 March 2006 (DNO.NO) is pleased to
release an update on drilling activities in
Kurdistan (Northern Iraq).
DNO has successfully drilled the first exploration
well within DNO`s PSA agreement area located in
Iraqi Kurdistan. The well was spudded on 28 November
2005 and the well has reached 3,100 meters on 22
March. It is expected that the well will reach the
total depth within a few days.
Tawke # 1 has met all exploration objectives, and
the drilling operations have been carried out in a
safe manner without lost time accidents (`LTA`).
The well data acquired to date are currently being
evaluated in order to optimize the additional data
acquisition program for the well.
It has been decided that several well tests will be
performed. The test results are vital in order to
evaluate the hydrocarbon prospectivity and
potential commerciality of the Tawke prospect.
Whilst continuing evaluations of well data and
preparing for the well test program, the Tawke # 1
will be temporarily suspended and the drilling rig
will be moved to a new well site to commence
drilling of the second well within the PSA area.
Timing of the testing is dependent on several
factors and considerations are currently being made
to bring in a smaller rig to perform the well
testing of Tawke #1.
www.dno.no
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