Iraq/Kurdistan: Problems Persist for Oil Companies in Kurdish Iraq

Oct 15, 2014 | Anthony McAuley, The National
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DNO, the Norwegian oil exploration company, said on Wednesday that it faces continued delays to plans to ramp up production at its Tawke oilfield in Kurdish Iraq because of fighting in the region.

In an update on its operations, DNO, which is 42.8 per cent owned by RAK Petroleum wrote: “The company has taken steps to mitigate delays to its Tawke 200,000 barrel per day deliverability target resulting from the withdrawal of third party contractors from Kurdistan during the past few months.”

The company said that exports of Tawke oil to Turkey by the Kurdistan Regional Government for its own account currently average about 90,000 barrels per day. Local sales decreased to 29,960 bpd during the third quarter and currently average about 20,000 bpd, according to DNO.