DNO slows Peshkabir production for maintenance, field prospects raised

March 23, 2023
DNO ASA expects to recover full production at Peshkabir field in the Kurdistan region of Iraq by end-April following a reduction to 43,000 b/d of oil from about 60,000 b/d earlier this month for maintenance workovers.

DNO ASA expects to recover full production at Peshkabir field in the Kurdistan region of Iraq by end-April following a reduction to 43,000 b/d of oil from about 60,000 b/d earlier this month for maintenance workovers, including to replace downhole pumps, the company said in a release Mar. 23.

The company retains its 2023 production projection of 100,000 b/d of oil for the Tawke license containing Tawke and Peshkabir fields, it said. DNO operates the license with 75% interest. Genel Energy plc holds the remaining 25%.

The operator said work at Peshkabir field continues with the drilling of new wells and initiation of water and gas injection pilot projects to assess additional oil recovery potential.

Cumulative oil production from the field passed 100 million bbl recently, less than 6 years after startup. The field was initially estimated to contain proven and probable reserves of 75 million bbl of oil commingled with associated gas, the company said, but is now projected to hold “at least another 100 million bbl still to be produced,” said Bijan Mossavar-Rahmani, executive chairman.

In 2020, DNO completed a $110 million project to capture, transport, and inject the commingled gas into the neighboring Tawke field to reduce greenhouse gas emissions, enhance oil recovery, and save gas for future use—the first and only such project in Kurdistan, the company said.