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DNO says its Iraqi Kurdistan oil production rose in
November
21.12.2007
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December
21, 2007
OSLO, Norway, -- Norwegian independent oil
producer DNO said on Friday that its share of
production from a oilfield in Kurdistan 'northern
Iraq' rose to 5,882 barrels per day from 2,632
barrels in October.
DNO, which has a 55 percent working interest in the
Tawke field in autonomous Kurdistan region in
'northern Iraq', on Tuesday raised its estimate of
recoverable oil at the field by more than double
earlier estimates to 230 million barrels of oil.
"It is expected that there will be lower production
from Tawke during the second half of December due to
the holiday season," DNO ASA said in a statement.
It added that the October output had been low due to
the Eid holidays and a switch of the test production
to the field's lower reservoir.
On Tuesday, DNO said new estimates for its Tawke
field in Kurdistan region in 'northern Iraq',www.ekurd.net
more than
doubled estimated reserves. |
Oil fields in Kurdistan autonomous region (Iraq) |
DNO's value largely depends on expectations of
future production from the Iraq asset which it holds
under a production sharing agreement with the
Kurdistan regional authority.
DNO's share of production from its fields in Yemen
rose to 6,948 barrels per day in November from 6,791
in October, the company said.
From November, DNO's production from fields off
Norway is included in the associated company Det
norske oljeselskap ASA which will be shown going
forward as a separate line in the profit and loss
statement, DNO said.
Reuters
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