Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

DNO Gets Kurdistan Payment

change text size

Norway's DNO International reported Monday that the Kurdistan Regional Government has made a payment of $160 million to international members of the Tawke joint venture in Iraqi Kurdistan.

The monies were a partial payment for past oil exports from the onshore Tawke field in Kurdistan. DNO itself will receive $116 million as its share of the payment, with the balance to be transferred to Genel Energy.

"We are pleased to receive this latest payment as we continue to increase production capacity at Tawke and develop our other Kurdistan discoveries," DNO International Executive Chairman Bijan Mossavar-Rahmani said in a company statement.

DNO International is the operator and holds 55 percent interest of the Tawke license.

 

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  TGS Boosts Order Book with New Seismic... (Jul 31)
 -  President Takes 100% Ownership of Pues... (Jul 30)
 -  IWCF Launches Online Well Life Cycle C... (Jul 30)
 -  Statoil Installs Valemon Topsides (Jul 29)
 -  Petrofac Wins Shah Deniz 2 Project Wor... (Jul 29)
Most Popular Articles
From the Career Center
Jobs that may interest you
Reliability Engineer
Expertise: Engineering Manager
Location: Houston, TX
 
Customer Strategy & Planning Analyst
Expertise: Accounting or Finance, Sales and Marketing
Location: Houston or Calgary , TX
 
Strategic Account Manager
Expertise: Business Development
Location: Houston, TX
 
search for more jobs