DNO Receives KRG Payment for Tawke Field Deliveries

Norwegian oil and gas operator DNO ASA has received $31.33 million from the Kurdistan Regional Government as payment towards August crude oil deliveries to the export market from the Tawke field in the Kurdistan region of Iraq.

The funds, to be shared pro-rata by DNO and partner Genel Energy plc, include $26.27 million toward the monthly entitlement for August deliveries and $5.05 million toward the recovery of outstanding receivables for past deliveries.

Tawke production in August averaged 96,709 barrels of oil per day (bopd), of which 96,528 bopd was delivered for export through Turkey. This was down from July production levels of 117,992 bopd due to pipeline closures in Turkey and scheduled field facilities maintenance.

Tawke production during the third quarter averaged 109,159 bopd, of which 108,759 bopd was delivered for export through Turkey.



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