DNO ASA

Genel Energy PLC: Update on Tawke PSC

Retrieved on: 
Saturday, December 30, 2023
Kurdistan Region, DNO ASA, DNO

Genel Energy plc (‘Genel’ or ‘the Company’) notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has today issued an update on licence activity.

Key Points: 
  • Genel Energy plc (‘Genel’ or ‘the Company’) notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has today issued an update on licence activity.
  • Gross production from the Tawke licence in the Kurdistan Region of Iraq continues to climb, with the December to date average approaching 90,000 bopd.
  • Genel’s entitlement share of Tawke licence production in Q4 is 13%, which is sold to local buyers at prices in the low to mid-USD 30s per barrel.
  • In addition to stepping up local sales, costs have materially reduced since the pipeline closure, with operational spend in the Tawke licence averaging 65% below the pre-export shutdown level.

Genel Energy PLC: Update on Tawke PSC

Retrieved on: 
Tuesday, December 26, 2023
DNO, GMT, Kurdistan Region, DNO ASA, IMC, Security (finance)

Genel Energy plc (‘Genel’ or ‘the Company’) notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has today issued an update on licence activity.

Key Points: 
  • Genel Energy plc (‘Genel’ or ‘the Company’) notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has today issued an update on licence activity.
  • The Tawke field was reopened on 18 July, and gross production from the Tawke licence in Q3 2023 totalled 25,984 bopd.
  • Genel will issue its trading and operations update in respect of the third quarter of 2023 next Tuesday, 14 November 2023.
  • Genel will host a live presentation on the Investor Meet Company (‘IMC’) platform on the day at 1000 GMT.

Genel Energy PLC: Update on Tawke PSC

Retrieved on: 
Tuesday, October 17, 2023
Genel Energy, DNO ASA, DNO, Kurdistan Regional Government, Economy of Kurdistan Region, Oil, Malik ibn Tawk

Genel Energy plc (‘Genel’ or ‘the Company’) notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has today issued an update on licence activity.

Key Points: 
  • Genel Energy plc (‘Genel’ or ‘the Company’) notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has today issued an update on licence activity.
  • Gross production from the Tawke licence in Q3 2023 totalled 25,984 bopd.
  • Production was shutdown following the closure of the Iraq-Türkiye pipeline on 25 March 2023.
  • No crude oil was delivered to the Kurdistan Regional Government for export by pipeline through Türkiye.

Genel Energy PLC: Update on Tawke PSC

Retrieved on: 
Tuesday, August 22, 2023
DNO, Kurdistan Regional Government, Economy of Kurdistan Region, DNO ASA, Genel Energy, Oil, Malik ibn Tawk

Genel Energy plc (‘Genel’ or ‘the Company’) notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has today issued an update on licence activity.

Key Points: 
  • Genel Energy plc (‘Genel’ or ‘the Company’) notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has today issued an update on licence activity.
  • Following a four-month shut-in triggered by the closure of the Iraq-Turkey Pipeline export route, DNO has partially restarted operations at the Tawke field and is currently selling its entitlement share of oil production to local trading companies.
  • DNO restarted partial oil production from the Tawke field to conduct well integrity and reservoir tests but has continued to produce to meet strong demand for Tawke oil.
  • The Peshkabir field, also within the Tawke licence, remains shut-in.

Genel Energy PLC: Update on Tawke PSC

Retrieved on: 
Thursday, August 11, 2022
DNO ASA, DNO, Genel Energy, Malik ibn Tawk

Genel Energy plc ('Genel') notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has today issued an update on licence activity.

Key Points: 
  • Genel Energy plc ('Genel') notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has today issued an update on licence activity.
  • In the second quarter, four new production wells were brought onstream on the Tawke licence with three at Tawke and one at Peshkabir.
  • Together with wells drilled in the first quarter, natural field decline has been arrested and reversed, including at Tawke, raising DNOs full-year projection to 107,000-109,000 bopd (previously 105,000 bopd).
  • Genels production guidance for 2022 is unchanged, with net portfolio production currently expected to be between 30-31,000 bopd for the full-year.

Genel Energy PLC: Update on Tawke PSC

Retrieved on: 
Thursday, February 10, 2022
DNO ASA, CO2, DNO, Genel Energy, Online gambling, Oil, Malik ibn Tawk

Genel Energy plc ('Genel') notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has today issued an update on licence activity.

Key Points: 
  • Genel Energy plc ('Genel') notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has today issued an update on licence activity.
  • As previously reported, gross production at the Tawke licence averaged 108,700 bopd in 2021.
  • The Peshkabir field contributed 61,800 bopd, and the Tawke field 46,900 bopd.
  • DNO expects the ramp up in drilling activities to maintain Tawke licence gross production at around 105,000 bopd during 2022.