DNO ASA, Oslo, will increase spending by 50% this year in the Kurdistan region of Iraq, where it brought its second oil field online in 2017.
The company discovered Peshkabir field early in 2017 and expedited development. Early production began in June, and flow had tripled by yearend (OGJ Online, Dec. 11, 2017).
Peshkabir, a Cretaceous discovery, now produces 16,000 b/d of oil from two wells. Tawke field, which DNO operates on the same license, produces 97,000 b/d.
The company plans to drill six Peshkabir wells this year. It expects production at the field to reach 30,000 b/d by summer and to continue increasing in the second half of the year.
“We have only started to appraise and develop this field, which continues to surprise to the upside,” said DNO Executive Chairman Bijan Mossavar-Rahmani in a press statement.
At Tawke field, DNO soon will complete the Tawke-48 well and is finalizing plans with partner Genel Energy to drill four wells this year.
Elsewhere in Kurdistan, the company has reentered and sidetracked the Hawler-1 well to appraise Benenan heavy oil field on the Erbil license. Testing will start soon.
DNO said Hawler-1 is Kurdistan’s first multilateral well and first dual completion.
