|
License |
Type |
Status |
DNO interest |
Operator |
Partners |
| Tawke PSC | Onshore Oil | Production | 75% | DNO | Genel Energy International Ltd. |
| Baeshiqa PSC | Onshore | Development | 64% | DNO | TEC, KRG |
Tawke license
Both the Tawke field (discovered in 2006) and Peshkabir field (discovered in 2012) are characterized by complex structural geology. While the Tawke field predominantly features the Cretaceous Bekhme and Qamchuqa formations, with some contributions from the younger Tertiary Jeribe formation, hydrocarbons from the Peshkabir field reside in the Cretaceous Shiranish and also Qamchuqa formations. All these formations are characterized as naturally fractured carbonate reservoirs containing medium gravity crude.
Gross production from the Tawke license averaged 78,615 barrels of oil per day (bopd) during 2024 (46,276 bopd in 2023). The Tawke field contributed 29,153 bopd (26,577 bopd in 2023) and the Peshkabir field contributed 49,462 bopd (19,699 bopd in 2023). Gross Tawke license production was up 70 percent year-on-year as output was held steady in 2024 following the disruptions caused by the closure of the Iraq-Türkiye Pipeline (ITP) export route in 2023.
DNO sold its oil at its Fish Khabur terminal as the ITP remained shut. Maintaining strict capital spending discipline, DNO drilled no new wells on the Tawke license in 2024. Notwithstanding, output was kept at a high level by bringing three previously drilled wells onstream, by workovers and interventions on more than 20 other wells across the license, and by gas injection into the Tawke field.
DNO holds a 75 percent operated interest in the Tawke license with partner Genel Energy International Limited holding the remaining 25 percent.
Baeshiqa license
On DNO’s other Kurdistan license, Baeshiqa, 2024 gross operated production averaged 5 bopd (224 bopd in 2023). The 2024 production resulted from well testing programs conducted in the fourth quarter of the year. Based on the test results, DNO took a partial impairment on the asset and is currently minimizing running costs while determining its future work program.
DNO holds a 64 percent operated interest in the Baeshiqa license (80 percent paying interest) with partners including the Turkish Energy Company Limited (TEC) with a 16 percent interest (20 percent paying interest) and the Kurdistan Regional Government (KRG) with a 20 percent carried interest.