DNO's working interest production increased from 11,431 bopd in May to 23,477 bopd in June. On a quarterly basis, the working interest production increased from 12,442 bopd in the first quarter to 15,748 in the second quarter.
The strong increase in June was related to short term sales arrangements for crude oil deliveries to the local market in the Kurdistan Region of Iraq (Kurdistan).
"The Company expects to maintain the June level of crude oil deliveries in Kurdistan also for July, but the August production is likely to be lower due to Ramadan. As the current production volumes in Kurdistan are based on short term delivery arrangements, the local sales in Kurdistan may continue to show significant fluctuations going forward", says Helge Eide, Managing Director of DNO International ASA.
Complete production report is attached.