DNO spuds third well onshore Kurdistan

July 12, 2017

Norwegian oil and gas producer DNO said it has recommenced appraisal drilling at the Peshkabir discovery onshore the Tawke license in the Kurdistan region of Iraq, following extended testing of the Cretaceous and Jurassic reservoirs in the Peshkabir-2 well.

The company drilled the Peshkabir-3 well on 8 July as part of a fast-track field development plan including the acquisition and installation of an early production facility by yearend 2017 to be followed by a pipeline connection to the Tawke export terminal at Fish Khabur.

Three Cretaceous productive horizons – upper Shiranish, lower Shiranish and Qamchuqa - tested 3800 bo/d, 4000 bo/d and 1100 bo/d, respectively, of crude oil during a two-week cased hole testing program in May.

DNO said the Cretaceous column in the Peshkabir-2 well is estimated to range between 380-59m. Two productive horizons in the deeper Jurassic formation tested 2665 bo/d and 400 bo/d, respectively, again over a two-week cased hole testing program in April. The Jurassic column in the Peshkabir-2 well is estimated to range between 125-160m.

The well's Lower Shiranish Cretaceous zone has been placed on production since late May at an average rate of 4500 bo/d, trucked to Fish Khabur some 12km away and commingled with Tawke production for pipeline export through Turkey. Tawke license production from the two fields has averaged 115,000 bo/d month-to-date in July.

"With 16 consecutive monthly export payments from the Kurdistan regional government in line with contractual entitlements, we've ramped up drilling with three rigs currently active across the portfolio," said Bijan Mossavar-Rahmani, DNO's executive chairman.

The Oslo-listed company has majority share in the Tawke license with 55% operating interest, whereas UK-listed Genel Energy holds 25% interest and the Kurdistan Regional Government with the remaining 20% stake. 

Image: Tawke export terminal / DNO



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