Yemen production
DNO's WI production in Yemen in May 2011 was 5,361 bopd and the NE production was 2,909 bopd.
Production in Yemen is reported as follows:
|
(Bopd)
|
May '11
|
Apr '11
|
Mar '11
|
Q1 '11
|
Q4 '10
|
YTD '11
|
|
Gross production
|
13,498
|
13,698
|
13,749
|
14,965
|
15,646
|
14,412
|
|
DNO’s WI
|
5,361
|
5,457
|
5,492
|
5,881
|
6,156
|
5,690
|
|
DNO’s NE
|
2,909
|
2,696
|
3,869
|
3,939
|
3,872
|
3,481
|
|
Achieved oil price USD/bbl
|
110
|
123
|
116
|
106
|
89
|
110
|
The production figures include crude oil consumed in the operation of the Company’s production facilities, at an accumulated WI volume of 255 bopd and NE volume of 112 bopd in May 2011.
Kurdistan production
DNO's WI production from the Tawke field in May 2011 was 45,954 bopd.
Production from Tawke is reported as follows:
|
(Bopd)
|
May '11
|
Apr '11
|
Mar '11
|
Q1 '11
|
Q4 '10
|
YTD '11
|
|
Gross production
|
6,330
|
66,776
|
67,858
|
37,849
|
11,217
|
54,749
|
|
Gross Delieveries to
local market 1)
|
1,185
|
1,636
|
1,356
|
10,959
|
11,217
|
5,408
|
|
Gross production export
|
64,145
|
65,140
|
66,502
|
26,890
|
-
|
49,341
|
|
DNO’s WI 2)
|
40,553
|
41,453
|
43,192
|
34,064
|
10,095
|
38,931
|
1) In March, April and May this volume represents diesel produced from crude oil delivered to the Tawke refinery.
2) Until further information is made available to DNO for the allocation of oil in the interim period, the Company will not report NE production from Tawke in the monthly production reports. The Tawke WI production will from now on be allocated as described in the 2010 Annual Statement of Reserves and is estimated to vary between 62% and 64% over field life.
The production figures include crude oil consumed in the operation of the Company’s production facilities, at an accumulated WI volume of 145 bopd.
The gross exported crude oil from Tawke was 70,263 bopd in May. Additional third party crude oil was delivered and exported via the DNO operated facilities at Fishkabour at an average rate of 16,113 bopd, bringing the overall exported rate through these facilities to 86,376 bopd in May.
The Tawke field can deliver gross levels in excess of 70,000 bopd continuously. At times the Iraqi-Turkey pipeline system is shut down for different reasons, and the average deliveries will hence be reduced. The average gross production for June is expected to be around 65,000 bopd.
Drilling and well operations
Kurdistan Region of Iraq
Erbil PSC: Bastora-1A horizontal test producer
As previously reported the test production from Bastora-1A horizontal side-track has started, with the crude oil produced being trucked to the DNO operated facilities at Tawke for export.
The test production to date has demonstrated that the well can deliver a sustainable gross fluid production of approximately 2,000 bopd. The well is still cleaning up and there is a significant volume of water being produced together with the crude oil, where the source of this water is expected to be spent acid during the stimulation being undertaken before the well was brought on stream. For this reason there have been only smaller volumes delivered for export to date.
A declaration of commerciality of the combined Benanan and Bastora discoveries has now been filed with the KRG. The next step is to prepare a development plan to be presented by the end of 2011.
Dohuk PSC: Summail-1 Exploration well
DQE Rig # 10 spudded the Summail-1 exploration well on 19 April 2011. The present depth is ~1200 m MD. Due to certain operational requirements resulting from the gas encountered at the top of the Cretaceous, extraordinary drilling equipment has been ordered. Expected re-start of the drilling operation is within the next few days.
Tawke PSC: T-15 completion, T-13 infill drilling and Peskhabir-1 Exploration well
The Sindy rig has completed the Tawke-15 well as planned, and the well is expected to be brought on stream shortly. Drilling of the Tawke-13 production infill well commenced on 25 June with DQE Rig #9. The Peshkhabir-1 exploration well will be drilled with DQE Rig #10 after the Summail-1 well is finished. The well site is currently being prepared.
Yemen
The ZPEB Rig 905 has been stacked for a 60 days period as of 8 June 2011. The next well to be drilled is the Nabrajah-21, which is is planned as a horizontal infill well in the Qishn reservoir at Nabrajah.
Other activities and news
DNO has applied for a prospecting permit in Tunisia, which has been endorsed by the Consultative Committee of Hydrocarbons in Tunisia. A final JV agreement between DNO and ETAP (Entreprise Tunisienne D’Activites Petrolieres) is in the process of being finalized and presented to the authorities for final approval.
As previously reported DNO was negotiating for new exploration acreage in Mozambique (Lower Zambezi). As a result of re-focusing of the Company’s strategy DNO has decided not to continue with these negotiations and will close down its operations in Mozambique.
Oslo, 27 June 2011
DNO International ASA
Corporate Communications
Oslo, 1 March 2011
DNO International ASA Corporate Communications