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DNO says new estimate more than doubles Tawke oil
field reserves in Iraqi Kurdistan
18.12.2007
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December 18, 2007
OSLO, Norway, -- Norwegian oil producer and
explorer DNO ASA said new estimates for its Tawke
field in Kurdistan region, northern Iraq, more than
doubled estimated reserves.
It said that gross recoverable oil reserves ranged
from 150 mln barrels to 370 mln barrels with a
current expected value of 230 mln barrels.
Additionally, gross volumes of oil in place ranged
from 0.9 bln barrels to 1.9 bln barrels with a
current expected value of 1.3 bln barrels.
The group said improved oil recovery methods had not
been applied for in these estimates,www.ekurd.net
which could contribute
to a 'substantial upgrade' to these reserve figures.
'We are pleased to note that this update more than
doubles the estimated reserves in Takwe,' said DNO
managing director Helge Eide. |
Oil fields in Kurdistan autonomous region (Iraq) |
'The data gathered to date ... have confirmed the
high quality of the Tawke field.'
DNO said that since the Tawke 1 discovery well was
drilled on the Tawke structure in spring 2006 a
substantial amount of additional geological and
reservoir information had become available.
'The observations and analysis to date confirm that
the Tawke structure is of substantial size,www.ekurd.net
with good pressure
communication across the field,' DNO said.
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