DNO Drilling First Well in Northern Iraq
DNO has begun drilling its first well within the Kurdish Region of Northern Iraq.
The well named Tawke # 1 has now been spudded and is planned to be drilled to a total depth of approximately 3,000 meters. The drilling is expected to take 60 days and there are identified three prospective reservoir zones in this highly prospective structure. Tawke # 1 is the first well under the existing Production Sharing Agreements signed with Kurdistan Regional Government (KRG) in June 2004. Earlier this year DNO completed 440 km 2-D seismic within the same PSA areas.
"Commencement of drilling within the Kurdish Region of Northern Iraq marks a new milestone to DNO as an international E & P company. We are proud of the good progress we have achieved in this project with drilling operations taking place less than 1.5 year after the PSA's were signed. This achievement is a product of the excellent cooperation between KRG and DNO", comments Helge Eide, Managing Director.
DNO is the Operator of the PSA's holding a 40 % beneficial interest.
- KRG Delivers Payments to Genel, DNO, Gulf for Tawke, Shaikan Production (Jan 23)
- DNO Makes Oil Find in Kurdistan Region of Iraq (Jan 09)
- Total, Shell, Eni Eligible to Bid for New Iran Oil, Gas Projects (Jan 03)