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Iraq: DNO reports payment for Tawke deliveries
15 Jun 2017
DNO, the Norwegian oil and gas operator, has reported receipt of USD 41.26 million from the Kurdistan Regional Government as payment towards March 2017 crude oil deliveries to the export market from the Tawke field.
The funds, to be shared pro-rata by DNO and partner Genel Energy, include USD 34.60 million toward monthly deliveries and USD 6.65 million toward recovery of outstanding receivables.
Tawke production in March averaged 108,853 barrels of oil per day (bopd), of which 108,513 bopd was delivered for export through Turkey.
Source: DNO Energy