The KRG’s estimated oil exports now stand at about 250,000 bpd. Photo: Rudaw
ERBIL, Kurdistan Region – DNO ASA and Genel Energy announced on Monday “a tripling of production” at Peshkabir oil field.
The increase in production will bring volume up to 15,000 barrels per day (bpd), DNO stated in a press release.
Currently, Peshkabir oil is being trucked to Tawke field facilities for export, but plans are being fast-tracked to install a pipeline “early in 2018 to allow ramp up of output at the Peshkabir field,” DNO stated.
Preparations are also underway for drilling at another well in Peshkabir, DNO stated.
DNO and Genel Energy jointly hold the licence for Tawke and Peshkabir fields – DNO has a 75 percent stake and Genel Energy holds the remainder.
Combined yearly production at the two fields has averaged 110,000 bpd, DNO stated.
In August, the Kurdistan Regional Government (KRG) reached an agreement regarding outstanding receivables
owed to DNO and Genel Energy.
The KRG’s estimated oil exports now stand at about 250,000 bpd, down from an average of 550,000 bpd in early October after losing control of Kirkuk’s oil fields.