Kurdistan region of Iraq




Participating interest



Baeshiqa PSC Onshore Development 64% DNO TEC, KRG
Tawke PSC Onshore Oil Exploration, Appraisal, Development, Production 75% DNO Genel Energy International Ltd.

Tawke license

Gross production from the Tawke license, containing the Tawke and Peshkabir fields, averaged 108,713 bopd during 2021 (110,282 bopd in 2020). The Tawke field contributed 46,933 bopd (57,570 bopd in 2020) and Peshkabir field contributed 61,780 bopd (52,712 bopd in 2020).

Drilling at the Tawke field resumed in the third quarter of 2021 after an 18-month pause. With few new wells, production decline has been partially offset by gas injection and workovers. At yearend, four new Tawke field development wells had been spudded, in addition to four Peshkabir wells spudded during the year.

DNO’s USD 110 million Peshkabir-Tawke gas project, which was commissioned in mid-2020, captured and injected 7.6 billion cubic feet (461,500 tonnes of CO2) of Peshkabir gas that would otherwise have been flared into the Tawke field in 2021. DNO holds a 75 percent operated interest in the Tawke and Peshkabir fields with partner Genel Energy International Limited (25 percent).

Baeshiqa license

In August 2021, the Kurdistan Regional Government approved DNO’s acquisition of ExxonMobil Kurdistan Region of Iraq Limited’s (ExxonMobil) remaining 32 percent interest in the Baeshiqa license, doubling DNO’s operated stake. In parallel, commerciality was declared on the license and development plans submitted. Shortly before yearend, the first phase field development plan for the license was approved by the Kurdistan Regional Government, clearing the way for a fasttrack project to deliver early production from previously drilled but suspended discovery wells. The Baeshiqa development is DNO’s first new field development in Kurdistan since the startup of the Peshkabir field in 2017.

At yearend, DNO held a 64 percent operated interest in the Baeshiqa license (80 percent paying interest) with partners being Turkish Energy Company Limited (TEC) with a 16 percent interest (20 percent paying interest) and the KRG with a 20 percent carried interest.