DNO has released its August 2008 production figures.
As previously reported the KRG put temporarily on hold all the production for the local market in the Kurdistan Region, to enable the local authorities to review the licensing, compliances and uniformity of procedures applied to the small topping plant owners in order to regulate the manner that crude oil is supplied to them,
During this period, DNO has installed pressure gauges for recording of updated static pressure information across the field. In addition pressure gauges have also been installed in new wells for monitoring pressure development during the next stage of test production. This will provide important information for the long term production potential as well as production sustainability of these wells.
The next stage of test production from Tawke has now resumed, and the volumes produced will be lifted by KRG who will also process the crude oil for local needs. Future reporting of test production to the Company from Tawke or any other fields, will be based on revenue entitlements rather than volumes, as test production does not reflect the normal operational performance or production capacity of the fields.
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