ECONOMY
A DNO worker at the Tawke oil field near Zakho in the Kurdistan Region's Duhok province. AFP file photo
ERBIL, Kurdistan Region - Norwegian oil and gas company DNO ASA announced Monday that it has resumed operations at its Tawke and Peshkabir oilfields following a temporary suspension triggered by the U.S.-Israeli war on Iran.
The company said it halted all drilling and production on February 28, when the air campaign began, as a precautionary safety measure.
“Two wells drilled in December 2025 and January 2026 were brought on production at the Tawke field early in the first quarter. But immediately following the start of the U.S.-Israeli air campaign against Iran on 28 February 2026, DNO ceased production and drilling in Kurdistan,” the company said in a statement.
Operations restarted on April 9, with crews resuming workovers on existing wells and relaunching a previously announced eight-well drilling campaign aimed at boosting output from both fields.
The suspension led to a sharp drop in production, which fell to 39,600 barrels per day in the first quarter of 2026, down from 57,951 bpd in the previous quarter.
DNO added that its net entitlement oil from the Kurdistan Region was sold to a local buyer at an average price of $31 per barrel during the period.
The company is scheduled to release its full first-quarter 2026 financial results on May 7.
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