22.12.2009
(DNO or the Company)
DNO is today reporting November 2009 production. DNOs working interest
production was 13,276 bopd in November 2009 and DNOs net entitlement
production was 8,378 bopd.
PRODUCTION REPORT
Yemen production
DNO's working
interest (WI) production from Yemen
in November 2009 was 7,748 bopd and DNOs net entitlement production was 4,693 bopd.
Average realized oil price in November was 78 USD/bbl.
Production from Yemen is reported
as follows:
|
(Bopd)
|
Q3 2009
|
Oct 2009
|
Nov 2009
|
YTD-09
|
|
Gross
production
|
18,535
|
19,224
|
19,535
|
18,825
|
|
DNOs
working interest (WI)
|
7,542
|
7,677
|
7,748
|
7,768
|
|
DNOs net
entitlement (NE)
|
4,987
|
4,604
|
4,693
|
5,399
|
|
Achieved
oil price (USD/bbl)
|
69
|
74
|
78
|
60
|
|
|
|
|
|
|
The production
figures include crude oil consumed in the operation of the Companys production
facilities, at an accumulated volume of 271 bopd in October 2009.
Iraq production
DNO's working
interest (WI) production from Kurdistan in November
2009 was 5,528 bopd and DNOs net entitlement production was 3,685 bopd.
Production from
Tawke is reported as follows:
|
(Bopd)
|
Q3 2009
|
Oct 2009
|
Nov 2009
|
YTD-09
|
|
Total
gross production
|
41,157
|
5,595
|
6,142
|
15,968
|
|
DNOs
working interest (WI)
|
37,036
|
5,036
|
5,528
|
14,371
|
|
DNOs net
entitlement (NE)
|
24,796
|
3,357
|
3,685
|
9,581
|
The operation of the
Companys production facilities did not consume any crude oil in November 2009.
As previously reported
DNO will now focus on local sales until a future payment mechanism for crude
exports is in place. Since export halted 22 September all the production from
Tawke is delivered to the domestic market.
SUMMARY OF DRILLING ACTIVITIES
The
planned sidetrack drilling of Nabrajah-10 commenced on 21 November. The well is
designed as a horizontal production well, targeting the Jurassic Shuqra
formation dolomite, already proved oil producing in the well Nabrajah-5. The
pilot-hole is now drilled and logged. Based on the evaluation of the results a
800 meter horizontal well section will now to be drilled within this formation.
The
drilling operation of the Bayoot-7 Basement development well is ongoing. The
well has proved oil shows and gas reading at the top of basement, as expected.
The well is planned to be completed with a 900 meter section in the basement
reservoir. Drilling problems have caused delays in the operations. The well is
expected to be put on production during January 2010. Several new development
wells are planned to be drilled at the Bayoot field in 2010.
There
are currently no drilling activities in Kurdistan.
DNO
International ASA
22
December, 2009