Tag Archives | oil production

The latest news on Iraq Oil Production – oil companies, oil output and more – brought to you by Iraq Business News

DNO: Need Ongoing Revenues to Sustain Operations

By John Lee. DNO ASA, the Norwegian oil and gas operator, set record production levels from the Tawke field in the Kurdistan region of Iraq during the second quarter of 2015 with output averaging 153,346 barrels of oil per day (bopd). A total of 118,037 bopd, representing 77 percent of field production, was delivered to […]

Iraq Oil Output Hits Record

By John Lee. Iraq’s crude oil production climbed to an all-time high of 4.18 million barrels a day in July, according to statistics from the International Energy Agency (IEA). This was up from the 4.15 million bpd produced in June. The southern oilfields accounted for exports of 3.06 million bpd, up about 40,000 barrels from […]

No Interruptions at GKP’s Shaikan

By John Lee. Gulf Keystone Petroleum (GKP), the operator of the Shaikan field in the Kurdistan Region of Iraq, has announced that all production and truck loading operations currently continue without interruption at both Shaikan production facilities (PF-1 and PF-2) in a safe and secure manner. On 29 July 2015, production totalled 43,700 barrels with […]

DNO Unaffected by Pipeline Disruption

DNO ASA, the Norwegian oil and gas operator, announced that production from its flagship Tawke field in the Kurdistan region of Iraq continued uninterrupted during this week’s shut down of the Kirkuk-Ceyhan pipeline in Turkey, given the flexibility to redirect volumes from exports to local sales. Prior to the pipeline disruption, Tawke production in the […]

Erbil-Baghdad Agreement: Deal or No Deal?

By Mohammed A. Salih for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Erbil-Baghdad Oil Relations Swing between Deal, no Deal Encouraged by more international interest in purchasing its oil, coupled with the apparent failure of the federal Iraqi government to provide agreed-upon […]

Keeping Iraq’s Oil Flowing

By Waleed Kamhieh, Accenture oil and gas consultant. This is an extract from an article originally published by Nina Iraq, and is reproduced here with permission. In June 2015, Iraq produced an average of 3.19 mm bbpd (million barrels per day), the highest level of production since 1980, and it has surpassed the 2.8 mm bbpd […]

Genel gives Update on Trading and Ops

By John Lee. Genel Energy has issued the following trading and operations update in advance of the Company’s half-year 2015 results, which are scheduled for release on 6 August 2015. Tony Hayward, newly-appointed Chairman of Genel, said: “Production has grown rapidly in the first half of the year, increasing 41% year on year, with operational […]

GKP Shares Rise on New Payments

By John Lee. Shares in Gulf Keystone Petroleum (GKP) were up more than 7 percent early on Thursday, as the company announced that it had received further payments for its oil shipments. In an operational update issued ahead of the company’s Annual General Meeting today, the GKP said it continues to produce at stable rates […]