"Meanwhile, we hope our participation in the delivery of significant export volumes during August will contribute to the resolution of the internal differences in Iraq and lead to recovery of payments due for past and present oil exports by DNO International to enable us to continue to support this new initiative by the KRG," he added.
In ongoing operations in Kurdistan, the Tawke-18 well, designed to increase Cretaceous production and test a target below the main field-bounding fault, is drilling ahead at 2,359 meters. On the Erbil license, a horizontal well drilling ahead at 1,490 meters will further appraise the Benenan discovery and contribute additional production. Additionally, the Company is currently mobilizing a second rig for its first deep test of the Jurassic and Triassic potential identified within the Tawke field; the well is expected to commence drilling in September.
In Block 8 offshore Oman, the Company has addressed a blockage since late March in the 12-inch pipeline connecting the West Bukha and Bukha platforms by replacing a 4.3 kilometer section of the line. West Bukha oil and gas production is expected to resume by the end of the month with the two previously producing wells joined by a third newly completed development well, accelerating the recovery of deferred production. A fourth West Bukha development well is progressing according to plan and is drilling ahead at 3,272 meters.
In Yemen, DNO International has launched its new drilling campaign by completing the Tasour-27 infill well, currently producing 250 barrels per day. Another infill well in the Nabrajah field in Block 43 was spud earlier this month. And the development of the Yaalen field in Block 47 is ongoing with first oil expected in the third quarter of 2013 following installation of early production facilities with gross capacity of 5,000 barrels per day. A permanent processing facility will be installed later with a capacity of 10,000 barrels a day.
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