Gulf Oil and Gas accountACCOUNT

Genel Energy plc Provides Update on Tawke PSC

Source: www.gulfoilandgas.com 7/30/2020, Location: Middle East

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

Gross production from the Tawke licence averaged 102,000 bopd during the second quarter of 2020, of which the Tawke field contributed 58,100 bopd and the Peshkabir field 43,900 bopd. Taken together, this is a reduction of 11% from the first quarter, as the operator halted development activity to preserve cash at a time of historically low and uncertain oil prices.

In June 2020, following the stabilisation of oil prices and export payments, a Tawke licence well intervention campaign was fast-tracked, quickly adding an incremental 15,000 bopd month-on-month to raise average July 2020 production to 115,000 bopd.

The Peshkabir-to-Tawke gas reinjection project (the first enhanced oil recovery project in Kurdistan) was commissioned in June, and aims to unlock additional oil reserves at Tawke while significantly reducing gas flaring at Peshkabir.

Production News in Iraq >>

United Kingdom >>  11/24/2020 - EnQuest has provided an updates on its operational performance for the year to the end of October

Strong Kraken performance continues
United Kingdom >>  11/20/2020 - UK Oil & Gas PLC (UKOG) notes the conclusion of the November 17-18th judicial review hearing of Surrey County Council's (SCC) September 2019 decision ...

Norway >>  11/18/2020 - Once again, the Johan Sverdrup field is increasing its daily production capacity, expecting to reach around 500,000 barrels of oil per day by the end ...
Romania >>  11/13/2020 - Serinus Energy plc ("Serinus", SEN) (SEN) announces the release of its interim results for the nine months ended 30 September 2020.

HIGHLIG...


Brazil >>  11/12/2020 - Alvopetro Energy Ltd. announces October production, third quarter results and an operational update including our first quarter of natural gas sales f...
Norway >>  11/11/2020 - Norwegian Energy Company ASA (“Noreco”) announced its third quarter 2020 results. The third quarter results were strong both financially and operation...




Iraq Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 |

Oil & Gas Projects in Iraq >>

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.