Norwegian DNO makes oil discovery on Rojava-Kurdistan border
A Norwegian oil and gas operator on Monday announced the Peshkhabir-2 well drilling in the Kurdistan Region found oil in the southern part of the Peshkhabir oil field.
ERBIL, Kurdistan Region (Kurdistan24) – A Norwegian oil and gas operator on Monday announced the Peshkhabir-2 well drilling in the Kurdistan Region found oil in the southern part of the Peshkhabir oil field.
“The well flowed at a stable rate of 3,800 barrels of 28° API oil per day on a 52/64 choke from an open hole test of a 170-meter interval,” the announcement said.
“Pressure data supported by observations of oil shows from cuttings and side wall cores indicate a Cretaceous oil interval in excess of 300 meters,” the announcement continued.
The company mainly operates in the Tawke oil field located in Duhok Province in the northern Kurdistan Region.
DNO, along with Genel Energy and the Kurdistan Regional Government (KRG), are looking at the possibility of early production at the Peshkhabir oil field.
According to DNO, the drilling in the Peshkhabir-2 well was expected to reach a depth of 3,500 meters and would be completed by early February.
“Pre-spud estimates for drilling, open hole testing of the Cretaceous, and completion stood at USD $17.5 million,” the announcement added.
The company also mentioned they would consider other options to intensify the appraisal on the discovery such as a geological sidetrack in the central part of the Peshkabir structure or a third well.
Executive Chairman of DNO Bijan Mossavar Rahmani stated the company was encouraged by what they had seen so far in the well.
“Certainly, our subsurface and drilling teams have started the year on the right foot,” he expressed.
DNO stated they would publish further details and updates on the discovery after they finished their assessment during Peshkhabir-2 operations.
The company owns a 55 percent working interest in the Tawke license that holds Peshkhabir oil field while Genel Energy has 25 percent and the KRG 20 percent.
The Norwegian DNO mainly operates in the Middle East and North Africa.
It holds stakes in onshore and offshore licenses at various phases of exploration, development, and production in different places such as Kurdistan, Oman, Yemen, the United Arab Emirates, Somaliland, and Tunisia.
Editing by Karzan Sulaivany