DNO International ASA - DNO commences export of crude oil from Tawke

DNO has during the past weeks completed all outstanding work and undertaken all necessary preparations and commissioning of the Tawke facilities, and export of crude oil from the Tawke field commenced on 1st June 2009.
Helge Eide says:
"Commencement of export of crude oil from Tawke field represents the most important milestone to KRG and DNO to date and it is a significant occasion for the Kurdistan Region and all of Iraq. This successful achievement is a product of the joint efforts by KRG and DNO, and we appreciate the strong and continued support from KRG during the development and completion of the first stage of the Tawke project. We also wish to thank the North Oil Company for their recent technical assistance and cooperation to connect the Tawke pipeline to the Iraqi-Turkey main export pipeline which now enables the Tawke oil to be transported to the international markets."
The first stage of the Tawke development has been designed to deliver 50,000 bopd and DNO is now for the first time in a position to test the full capacity of the facilities. Fine-tuning and adjustments of the facilities will be undertaken as required during the initial run-in period and the plan is to establish a stable export rate at full capacity as quickly as possible in a safe and prudent manner.
Exported volumes from Tawke will in the future be included in the monthly production reports from the Company.
2 June, 2009