News listings

energy-pedia development and production

Iraq flagIraq

Middle East / Africa >>> Iraq

Genel Energy provides update on Tawke PSC


29 Oct 2020

Photo - see caption

Genel Energy notes that DNO, as operator of the Tawke PSC (Genel 25% working interest), has today issued an update on licence activity.

Photo - see caption
Location of Tawke PSC (Source: Genel Energy)

Production at the Tawke licence increased to 113,700 bopd in the third quarter, reversing declines resulting from a reduction in activity triggered by the instability caused in the wake of COVID-19. Q3 2020 production was split 50:50 between the Tawke and Peshkabir fields. Production was up 12% from the prior quarter following a campaign of quick turnaround, low-cost well interventions and the start-up of the Kurdistan Region of Iraq’s first enhanced oil recovery project.

This production performance was delivered with a one-third reduction in 2020 spend versus original budget, which led to fewer drilled wells and instead the launch of a well intervention campaign at Tawke and Peshkabir, with both fields outperforming expectations.

The operator expects to exit the year with Tawke licence production at third quarter levels.

The Peshkabir-to-Tawke gas capture and reinjection project, in operation since mid-year, is continuing to cut gas flaring and greenhouse emissions by half at Peshkabir to 7 kilograms CO2 equivalent for each barrel of oil equivalent produced, while unlocking additional oil at Tawke. By the end of October 2020, two billion cubic feet of gas that otherwise would have been flared was injected into Tawke, already delivering a positive production response at the field, and at the same time reducing field water production.

Original article link

Source: Genel Energy





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current Deals

Current Upstream Deals: 373

Completed Deals

Completed Upstream Deals: 5961

Company Profiles

Current Company Profiles: 2745

Corporate Activity

Current Corporate Activity articles: 3564

Companies Looking

Current number of articles: 444

Company Sales

Current Company Sales articles:1443

Geostudies

Current Geostudies articles: 766

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

KL Publishing
energy365
OPC
Union Jack Oil 149
Rose & Assocs 149
SLR Consulting logo
Bayphase
Government of South Australia
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com