DNO in Kurdistan: "We've Only Just Begun"

By Padraig O'Hannelly.

DNO Chairman Bijan Mossavar-Rahmani (pictured) has given an upbeat assessment of the company's operations in Iraqi Kurdistan.

Addressing CWC's Kurdistan-Iraq Oil & Gas Conference in London last week, he said that the Tawke well was on target to hit a cumulative output of 100-million barrels of oil at some point in the next quarter.

He added that the company had some of the lowest costs in the industry, claiming:

"I don't have access to other companies' drilling costs, but I expect that, adjusted for depth, we drilled some of the lowest cost wells in Kurdistan, and in record time."

"What next for DNO in Kurdistan", he asked. "More drilling, more discoveries, more production, more investment, more exports, more sales, more revenues -- we've only just begun."