DNO Reports Payment for Tawke Deliveries

Source: www.gulfoilandgas.com 1/22/2018, Location: Middle East

DNO ASA, the Norwegian oil and gas operator, reported receipt of USD 53.71 million from the Kurdistan Regional Government as payment for October 2017 crude oil deliveries to the export market from the Tawke license. The funds will be shared by DNO and partner Genel Energy plc pro-rata to the companies' interests in the license.

The payment to DNO of three percent of gross Tawke license revenues during October 2017, as provided for under last August's receivables settlement agreement, was previously received by the Company.

DNO operates and has a 75 percent interest in the Tawke license, which contains the Tawke and Peshkabir fields. Combined production from the two fields currently averages 110,000 barrels of oil per day.


Qatar >>  1/10/2022 - McDermott International continues its winning streak in the Middle East with a mega offshore contract from QatarEnergy, a long standing key customer, ...
United Arab Emirates >>  1/5/2022 - Abu Dhabi National Oil Company (ADNOC) has announced the award of a $946 million (AED3.47 billion) Engineering, Procurement, and Construction (EPC) co...

Qatar >>  1/3/2022 - QatarEnergy announced today the awarding of a major Engineering, Procurement, Construction, and Installation (EPCI) Contract for the offshore scope of...

Related Categories: Decontamination of Groundwater  General  Separators 

Related Articles: Decontamination of Groundwater  General  Separators 


Gulf Oil and Gas
Copyright 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.