DNO surpasses oil production target in Kurdistan’s Pesh Khabur field

ERBIL (Kurdistan 24) – Norwegian oil and gas operator DNO on Monday released numbers indicating its total outputs in the Kurdistan Region have now surpassed its previously published targets.

A fourth oil well, which had been put on production at the Kurdistan Region’s Faysh Khabur (Pesh Khabur) oil field, produced a total output beyond the previously published target of 30,000 barrels of oil per day (bpd).

In its statement, DNO stated that the Peshkabir-5 well is currently producing around 8,000 bpd from three Cretaceous and two Jurassic zones through temporary test facilities. The oil is then transported by trucks to the export town of Faysh Khabur.

It also added that seven Cretaceous zones and two Jurassic zones were flow tested, with individual zones ranging between 3,600 bpd and 7,200 bpd.

“At around 35,000 bpd, Peshkabir [Faysh Khabur] has now leapfrogged into second place after Tawke among the Kurdistan fields operated by international oil companies,” said Bijan Mossavar-Rahmani, DNO's Executive Chairman. “We are setting our sights on higher production and accelerating field development.”

The Norwegian company noted that the Peshkabir-5 well was designed to appraise the western extension of the field and drilled to a measured depth of 2,918 meters in 57 days at a cost of USD 12.1 million.

The statement mentioned that two other wells, Peshkabir-6 and Peshkabir-7, have now reached target depth of 4,250 meters and 3,750 meters, respectively, and will commence production testing in August.

Oil production began at the Faysh Khabur oil field in 2017. DNO drilled two wells last year, Peshkabir-2 and Peshkabir-3, which have produced at a constant combined rate of around 15,000 bpd. The Peshkabir-4 well, completed in July, is currently producing about 12,000 bpd.

DNO has a 75 percent interest in the Tawke license, which includes the Tawke and Faysh Khabur fields, with partner Genel Energy plc holding the remainder.

Editing by Nadia Riva