DNO Reports Payment for Tawke Deliveries

Source: www.gulfoilandgas.com 12/5/2016, Location: Middle East

DNO ASA, the Norwegian oil and gas operator, received USD 36.20 million from the Kurdistan Regional Government as payment towards September crude oil deliveries to the export market from the Tawke field.

The funds, to be shared pro-rata by DNO and partner Genel Energy plc, include USD 30.36 million toward the monthly entitlement for September deliveries and USD 5.84 million toward the recovery of outstanding receivables for past deliveries.

Tawke production in September averaged 112,897 barrels of oil per day (bopd), of which 112,282 bopd was delivered for export through Turkey.


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